Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Sappi Ltd dleted for negative price trend

|Includes:Sappi Ltd. ADR (SPPJY)

 I deleted Sappi Ltd (NYSE:SPP) from the Barchart Van Meerten Speculative portfolio for negative price trends.

  • 40% Barchart short term technical sell signal
  • Trading below its 20 and 50 day moving average
  • Lost 5.10% in the last week
  • Lost 8.73% in the last month
  • Relative Strength Index 41.08% and dropping
Jim Van Meerten is an advisor to Marketocracy Capital Managementwho uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or emailJimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.


Disclosure: I am long SPP.

Additional disclosure: I'm long but placed a sell order this morning
Stocks: SPPJY