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JimVanMeerten (65.24)

Radcom might be on a buy list

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September 08, 2010 – Comments (0) | RELATED TICKERS: RDCM

I added Radcom (RDCM) to the Barchart Van Meerten New High portfolio purely for technical reasons The company designs, manufactures, markets and supports innovative, high performance internet working test and analysis equipment for data communications networks. Their products are used in the development and manufacturing of network equipment, the installation of networks, and the ongoing maintenance of operational networks. This stock has recently been mentioned as an M&A candidate so we need to closely monitor the price action if that's what's driving the price. If the company isn't acquired the price could soon drop. Because the stock moves so fast a stop loss is advised.

Barchart has a 100% technical buy rating on this stock. The price has appreciated 73.51% in the last month and it hit 14 new highs in the last 20 trading sessions. The stocks 14 day Relative Strength is 98.70% and seems steady. The stock recently traded at 11.68 well above its 50 day moving average of 6.78.

Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: No positions in the stock mentioned at the time of publication

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