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JimVanMeerten (61.58)

Trimmed a Few Stocks

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April 18, 2013 – Comments (0) | RELATED TICKERS: HMA , CYH , FCF

The Market as measured by the Value Line Index is down a bit.  I trimmed a few stocks from the Barchart Van Meerten New High portfolio not because I wanted to raise some cash but because of sell signals triggered by each stock individually.  My initial warning is when I lose 10% or the stock begins to trade below its 50 day moving average.  The stocks trimmed were Health Management Associates (HMA)Community Health Systems (CYH)First Commonwealth Financial (FCF),  Oriental Financial (OFG) and Chevron (CVX).  Please review the Barchart technical indicators and charts and see if you agree:

Health Management Associates (HMA)


Barchart technical indicators:

40% Barchart short term technical sell signalsTrend Spotter sell signalBelow its 20 and 50 day moving averages11.91% off this month20.76% off its recent highRelative strength Index 38.39%

Community Health Systems (CYH)

Barchart technical indicators:

40% Barchart short term technical sell signalsTrend Spotter sell signalBelow its 20 and 50 day moving averages6.21% off this month14.24% off its recent highRelative Strength Index 40.11%

First Commonwealth Financial (FCF)

Barchart technical indicators:

80% Barchart short term technical sell signalsTrend Spotter sell signalBelow its 20, 50 and 100 day moving averages9.83% off this month9.95% off its recent highRelative Strength Index 35.80%Oriental Financial (OFG)

Barchart technical indicators:

Barchart technical indicators:

100% Barchart short term technical sell signalsTrend Spotter sell signalBelow its 20 and 50 day moving averages8.39% off for the month9.54% off its recent highRelative Strength Index 39.34%

Chevron (CVX)

Barchart technical indicators:

60% Barchart short term technical sell signalsTrend Spotter sell signalBelow its 20 and 50 day moving averages4.07% off for the month5.55% off its recent highRelative Strength Index 36.95%I'll begin adding back positions when the Market starts to come back.  My gauges will be the Barchart Market Momentum and the Value Line Index.

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