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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 and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
My company:
Marketocracy Capital Management
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Barchart Portfolio Blogs
  • 3 Stocks Hitting New Highs 0 comments
    Oct 19, 2012 10:11 AM | about stocks: APL, ES, VNET

    I think it's important to know which stocks are consistently hitting new highs almost day after day. These are the stocks that the rest of the market will begin to notice. Today I used the Barchart's list of stocks trading over 100,000 shares a day that hit new highs and then sorted the list to find the ones having the most new highs in the past month. Near the top of the list were Atlas Pipeline Partners LP (NYSE:APL),Northeast Utilities (NU) and 21Vianet Group (NASDAQ:VNET):

    Atlas Pipeline Partners LP (APL)

    (click to enlarge)

    Barchart technical indicators:

     

    • 88% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 7.88% in the last month
    • Relative Strength Index 69.08%
    • Barchart computes a technical support level at 35.43
    • Recently traded at 35.75 with a 50 day moving average of 34.56


    Northeast Utilities (NU)

    (click to enlarge)

    Barchart technical indicators:

     

    • 80% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 7.70% in the last month
    • Relative Strength Index 67.31%
    • Barchart computes a technical support level at 39.82
    • Recently traded at 39.83 with a 50 day moving average of 38.38


    21Vianet Group (VNET)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 16.20% in the last month
    • Relative Strength Index 66.73%
    • Barchart computes a technical support level at 11.99
    • Recently traded at 12.32 with a 50 day moving average of 10.82


    MORE STOCK PICKS

    Stocks: APL, ES, VNET
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