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JimVanMeerten (56.30)

southern Fidelity - The little bank that roars



February 03, 2011 – Comments (0) | RELATED TICKERS: LION

This morning I added Fidelity Southern (LION) to the Barchart Van Meerten Speculative portfolio.  You've got to love a stock with the trading symbol of LION.

Fidelity Southern Corporation, through its operating subsidiary Fidelity Bank, provides a wide range of banking, mortgage and investment services through branches in Atlanta, Georgia. Mortgage, construction, and automobile loans are also provided through offices in Jacksonville, Florida.

I found the stock while screening on Barchart for low priced stock hitting new highs.  Here are the factors I considered:

1 - 96% Barchart technical buy signal

2 - 18 new highs and up 24.17% in just the last month

3 - Relative Strength Index is 77.81% and rising

4 - Trades around 8.63 with a 50 day moving average of 7.25

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.

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