JimVanMeerten (46.45)

4 stocks I sold today

August 05, 2011 – Comments (0) | RELATED TICKERS: PX , SNY , CVX

Below are the 4 stock I deleted from the Barchart Van Meerten New High portfolio for triggering Bachart sell signals based on very poor price momentum.

Praxair (PX)

Barchart technical indicators:

1 - 60% Barchart short term technical sell signal

2 - Trend Spotter sell signal

3 - Below its 20, 50 and 100 day moving averages

4 - 12.71% off its recent high

5 - Relative Strength Index 31.68% and falling 

Sanofi-Aventis (SNY)

Barchart technical indicators:

1 - 80% Barchart short term technical sell signal

2 - Trend Spotter sell signal

3 - Below its 20, 50 and 100 day moving average

4 - 11.14% off its recent high

5 - Relative Strength Index 37.80% and falling

Chevron (CVX)

Barchart technical indicators:

1 - 72% Barchart overall technical sell signal

2 - Trend Spotter sell signal

3 - Below its 20, 50 and 100 day moving averages

4 - 10.31% off its recent high

5 - Relative Strength Index 35.38% and falling

Capstead Mortgage (CMO)

Barchart technical indicators:

1 - 100% Barchart short term technical sell signal

2 - Trend Spotter sell signal

3 - Below its 20, 50 and 100 day moving averages

4 - 11.90% off its recent high

5 - Relative Strength Index 29.83% and falling

Jim Van Meerten is a Marketocracy Master