Netsol Tech -- NTWK -- sell signal
This morning I deleted Netsol Technologies (NTWK) from the Barchart Van Meerten Speculative portfolio for negative price momentum and:
1 - 60% Barchart short term sell signal
2 - Down 19.60% in the last 5 days
3 - Relative Strength Index 42.12% and falling
4 - Trading 10.11% below 20 day moving average
5 - Trading 19.60% below 5 day moving average
Let the data do the talking. Don't worry about one bad stock. The goal is to build a portfolio of stocks that together beat the benchmarks. Sell and move on.
Jim Van Meerten is an advisor to Marketocracy Capital Management who 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 email JimVanMeerten@gmail.com.
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.