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JimVanMeerten (63.06)

Stocks Swimming Against the Tide

Recs

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January 31, 2014 – Comments (0) | RELATED TICKERS: FPO , INCY , AMTG

Those of you who follow my Daily Picks column in Barchart.com may have noticed that I have not posted any Daily Picks in a few days.  There has been a reason for that.  I thought the market was unstable and didn't want anyone buying into an unstable market.

Believe it or not although I am a momentum investor my main goal is capital preservation.  I'm over 65 and have accumulated a sizable portfolio I intend to live off of for the rest of my life.  I strictly sell stocks that are not meeting my price momentum expectations and only buy in when the market is trading above its 20, 50 and 100 day moving averages.  The Market Momentum page on Barchart makes it easy for me to determine when that point is.

The picks today are not buy picks but are for informational purposes.  Yesterday 381 stocks were on the New High list for the last month.  These are the ones I think you should put on your watch list.

The list includes First Potomac Realty Trust (FPO), Incyte Corp (INCY), Apollo Residential Mortgage (AMTG), National Health Investors (NHI) and an unrated stock American Airlines Group (AAL).   Barchart does not apply their technical trading indicators until a stock has at least 6 months of trading activity under its belt.

First Potomac Realty Trust (FPO)


Barchart technical indicators:

80% Barchart technical buy signalsTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages18 new highs and up 11.64% in the last monthRelative Strength Index 78.39%Barchart computes a technical support level at 12.95Recently traded at 12.95 with a 50 day moving average of 11.94

Incyte Corp (INCY)

Barchart technical indicators:

96% Barchart technical buy signalTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages17 new highs and up 31.40% in the last monthRelative Strength Index 71.70%Barchart computes  technical support level at 64.78Recently traded at 66.48 with a 50 day moving average of 53.09

Apollo Residential Mortgage (AMTG)

Barchart technical indicators:

96% Barchart technical buy signalsTrend Spotter buy  signalsAbove its 20, 50 and 100 day moving averages16 new highs and up 9.38% in the last monthRelative Strength Index 70.55%Barchart computes a technical support level at 15.71Recently traded at 15.8 with a 50 day moving average of 15.19

National Health Investors (NHI)

Barchart technical indicators:

80% Barchart technical buy signalsTrend Spotter buy signalAbove its 20, 50 and100 day moving averages15 new highs and up 10.48% in the last monthRelative Strength Index 71.90%Barchart computes a technical support level at 61.46Recently traded at 62.75 with a 50 day moving average of 58.44

American Airlines Group (AAL)

Barchart technical indicators:

Does not have a 6 month trading history so it is unratedTrading above its 20 and 50 day moving averages14 new highs and up 30.79% in the last monthRelative Strength Index 71.85%Recently traded at 33.27

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