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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
My company:
Marketocracy Capital Management
My blog:
Barchart Portfolio Blogs
  • 3 Popular Stocks On The Move 0 comments
    Sep 11, 2012 11:30 AM | about stocks: BAC, C, CSCO

    Today I used Barchart to review the momentum of 3 very widely followed stocks and found good upward momentum in Bank of America(BAC), CitiGroup (C) and Cisco Systems (CSCO).

    Bank of America (BAC)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 8 new highs and up 12.92% in the last month
    • Relative Strength Index 69.61%
    • Barchart computes a technical support level at 8.29
    • Recently traded at 8.74 with a 50 day moving average of 7.76


    CitiGroup (C)

    (click to enlarge)

    Barchart technical indicators:

     

    • 88% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 8 new highs and up 12.94% in the last month
    • Relative Strength Index 74.40%
    • Barchart computes a technical support level at 31.24
    • Recently traded at 32.59 with a 50 day moving average of 28.21


    Cisco Systems (CSCO)

    (click to enlarge)

    Barchart technical indicators:

     

    • 64% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving average
    • 6 new highs and up 9.42% in the last month
    • Relative Strength Index 60.28%
    • Barchart computes a technical support level at 18.87
    • Recently traded at 19.19 with a 50 day moving average of 17.45
    Stocks: BAC, C, CSCO
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