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JimVanMeerten (67.58)

J C Penney sell signal

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December 30, 2010 – Comments (0) | RELATED TICKERS: JCP

This morning I deleted J C Penny (JCP) from the Barchart Van Meerten New High portfolio for negative price trends.

1 - 40% Barchart short term sell signal

2 - Trading below its 20 and 50 day moving averages

3 - 7.63% off its recent high

4 - Relative Strength Index is 46.19% and dropping

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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