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JimVanMeerten (56.30)

Hickory Tech sell signals



March 02, 2011 – Comments (1) | RELATED TICKERS: ENVE.DL

This morning I detedted sell signals on Hickory Tech (HTCO) and deleted it from the Barchart Van Meerten Speculative portfolio.

HICKORY TECH (HTCO) is a diversified communications company engaged in operating four incumbent local exchange carriers (ILECs). This business consists of connecting customers to the telephone network, providing switched service and dedicated private lines, connecting customers to long distance service providers and providing many other services commonly associated with ILECs. Additionally, they undertook business start up initiatives in long distance, internet access and competitive local exchange carrier businesses.

Technical Factors:

1 - 60% Barchart short term technical sell signal

2 - Trend Spotter (tm) sell signal

3 - Trading below its 20, 50 and 100 day moving averages

4 - Lost 12.49% from recent high

5 - Relative Strength Index 30.28% 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  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.

1 Comments – Post Your Own

#1) On March 03, 2011 at 5:00 PM, rhweimer (< 20) wrote:

You got this one right on.  But why the $1 drop 3 hours before what looks like a not bad Q?  And continued to sell off after hours.  any comments?

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