Sell Staar Surgical - STAA
On Barchart Portfolio Blogs I bring to your attention stocks you might want to consider for your portfolio. There are lots of sites that tell you when to buy but fail to tell you when to sell. That's the reason that I run two model portfolios and place all my trades to those models. Buying is only half the story, knowing when the stock has run out of gas is just as important.
I'm selling Staar Surgical (STAA) from the Barchart Van Meerten Speculative portfolio for the following reasons:
1 - Barchart short term 40% sell signal
2 - Trend Spotter (tm) sell signal
3 - Closed yesterday below its 20 and 50 day moving average
4 - Lost 11.50% in the last 5 sessions
5 - 14 Relative Strength indicator is below 50 at 39.41%
Any one single indicator can give reason for caution but together they all add up to a sell.
Hint: The way I make my final decision is to look at the chart. My default chart is the daily price chart using as parameters: 1 - Barchart OHLC, 2 - Moving Average reg, 3 - Up/Down Day Chart and 4 - Trend Spotter (tm). This is my standard chart. Before I push either a buy or sell button I change the frequency to 60 minutes. That shows the stocks action in the last 16 trading sessions.
If you make that your final decision point to determine if this is the proper time to buy or sell it's hard to be wrong. If you can't make a decision by looking at that chart then you are the best example of a classic procrastinator.
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