Electro Scientific has sell signals
This morning I placed a sell order for Electro scientific Industries (ESIO) for my Barchart Van Meerten Speculative portfolio for negative price trends.
The stock has been flat to negative for some time. Some of the other technical factors I considered:
1 - 40% Barchart short term technical sell signal
2 - Trend Spotter (tm) sell signal
3 - Trading below its 20 and 50 day moving averages
4 - 13.45% off its most recent high
5 - Relative strength Index is 41.15% and falling
Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs. He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.
Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.