Autozone sell signal
This afternoon I deleted Autozone (AZO) from the Van Meerten New High Portfolio for negative price trends:
1 - 60% Barchart short term technical sell signal
2 - 32% Overall sell signal
3 - Trend Spotter (tm) sell signal
4 - Trading below its 20 and 50 daily moving average
5 - 9.57% off its recent high
6 - Relative Strength Index 30.56% and falling
Jim Van Meerten is an advisor to Marketocracy Capital Managementwho uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or emailJimVanMeerten@gmail.com.
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.