Rovi showing weakness
One of the stocks on my growth watch list, Rovi Corp (ROVI) is showing signs of negative price trends.
The stock was flat for some time then had a sharp drop in price. Some of the other technical factors:
1 - 60% Barchart short term technical sell signal
2 - Trend Spotter (tm) sell signal
3 - Trading below its 20 and 50 day moving averages
4 - 13.45% off its recent high
5 - Relative Strength Index is 41.15% and falling.
Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs. He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.
Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.