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JimVanMeerten (66.06)

Spreadtrum Communications is a buy

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September 16, 2011 – Comments (0) | RELATED TICKERS: SPRD

Today I added Spreadtrum Communications (SPRD) to the Barchart Van Meerten New High portfolio for positive price momentum.

Barchart technical indicators:

1 - 80% Barchart technical buy signal

2 - Trend Spotter buy signal

3 - Above its 20, 50 and 100 day moving averages

4 - 13 new highs and up 32.41% in the last month

5 - Relative Strength Index 70.62% and rising

6 - Barchart computes a technical support level at 20.23

7 - Recently traded at 20.44 which is above its 50 day moving average of 16.26

Jim Van Meerten is a Marketocracy Master

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