First Energy -- sell signals
This morning I saw sell signals in First Energy (FE) and deleted it from the Barchart Van Meerten New High portfolio.
FirstEnergy Corp. (FE) is a diversified energy services holding company as the result of the merger of Ohio Edison Company and Centerior Energy Corporation. FirstEnergy companies provide electricity and natural gas services and a wide array of energy-related products and services. FirstEnergy's four electric utility companies, Ohio Edison and its Pennsylvania Power subsidiary, The Illuminating Company and Toledo Edison, serve customers in northern and central Ohio and western Pennsylvania.
1 - 40% Barchart technical sell signal
2 - Trend Spotter (tm) sell signal
3 - Below 20 and 50 day moving averages
4 - Lost 7.68% for its recent high
5 - Relative strength Index 38.75% and falling
Jim Van Meerten is an analyst for Marketocracy Capital Management. He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs onBarchart.com in his daily blog -- Barchart Portfolio Blogs.
Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High model portfolio.