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JimVanMeerten (63.06)

6 Speculative stocks I had to sell

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August 06, 2011 – Comments (0) | RELATED TICKERS: CHS , TSCO , ORCL

You can't stay in a tanking market even when your gut says things will get brighter.  I'm listing 6 stocks that I just had to deleted from the Barchart Van Meerten Speculative portfolio.  The negative price momentum was just too much.  I'll cut my losses and return when the market is trending better.  I think you'll see a common theme here.  All the charts and data are provided by Barchart.

Araid Pharmaceuticals (ARIA)

1 - 60% Barchart short term technical sell signal

2 - Trend Spotter sell signal

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

4 - Down 36.37% off its recent high

5 - Relative Strength Index 24.85% and falling

Carbo Ceramics (CRR)

1 - 60% Barchart short term sell signal

2 - Trend Spotter sell signal

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

4 - Down 26.34% from its recent high

5 - Relative Strength Index 27.45% and falling

Chico's (CHS)

1 - 60% Barchart short term technical sell signal

2 -Trend Spotter sell signal

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

4 - Down 20.18% from its recent high

5 - Relative Strength Index 31.74% and falling

Ascena Retail (ASNA)

1 - 100% Barchart short term technical sell signal

2 - Trend Spotter sell signal

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

4 - Down 18.75% from its recent high

5 - Relative Strength Index 24.82% and falling

Tractor Supply (TSCO)

1 - 60% Barchart short term technical sell signal

2 - Trend Spotter sell signal

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

4 - Down 18.46% from its recent high

5 - Relative Strength Index 30.70% and falling

Oracle (ORCL)

1 - 100% Barchart short term techncal sell signal

2 - Trend Spotter sell signal

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

4 - Down 22.20% from its recent high

5 - Relative strength Index 28.56% and falling

I'm selling the losers and will buy again when the Value Line Index($VLA) begins trending above its 20 day moving averages.

Jim Van Meerten is a Marketocracy Master

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