Family Dollar sell signals
Sometimes you have to let the numbers overrule your heart. Family Dollar (FDO) was deleted from the Barchart Van Meerten New High portfolio for recent negative price trends:
1 - 60% Barchart short term sell signal
2 - 48% Barchart overall sell signal
3 - Trend Spotter (tm) sell signal
4 - Trading below its 20, 50 and 100 day moving average
5 - Dropped 12.90% off its recent high
6 - Relative Strength Index is 25.82% 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.