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JimVanMeerten (63.05)

Exide is charged up

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December 11, 2010 – Comments (0) | RELATED TICKERS: XIDEQ

I added Exide Technologies (XIDE) to the Barchart Van Meerten Speculative portfolio/  It is one of the world's largest producers and recyclers of lead-acid batteries. The Company's four global business groups - Transportation North America, Transportation Europe and Rest of World, Industrial Energy North America and Industrial Energy Europe and Rest of World - provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications. Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and forty two-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic i.e. solar-power related and uninterruptible power supply, and motive-power applications including lift trucks, mining and other commercial vehicles.

1 - 100% Barchart technical buy signal

2 - 14 new highs in the last month

3 - Up 26.37% in the last month

4 - Relative Strength Index 84.60% and rising

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. 

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