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JimVanMeerten (65.14)

Torch Energy hits more new highs

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August 24, 2011 – Comments (1) | RELATED TICKERS: TRRU

This morning I added Torch Energy Royalty Trust (TRU) to the Barchart Van Meerten Speculative portfolio for hitting 12 new highs in the last month.

Barchart technical indicators:

1 - 100% Barchart short term technical buy signal

2 - Trend Spotter buy signal

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

4 - 12 new highs and up 41.71% in the last month

5 - Relative Strength Index 73.85% and rising

6 - Barchart computes a 52.49 technical support level

7 - Traded recently at 2.90 which is above its 50 day moving average of 2.02

Jim Van Meerten is a Marketocracy Master

1 Comments – Post Your Own

#1) On October 19, 2011 at 7:25 PM, Look4Bottom (< 20) wrote:

I have had this one in my watchlist since 8/22 and it is up 90+%

Can't put it in my Picks which is very discouraging

Good call, Mr Van Meerten.

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