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Belo is a play in communications

|Includes:Belo Corp. (BLC)

This morning I'm adding Belo Corp (NYSE:BLC) to the Barchart Van Meerten Speculative portfolio on purely technical reasons:

  • 96% Barchart technical buy signal
  • 17 new highs in the last month
  • Up 24.48% in the last month
  • Relative Strength Index 77.09% and rising
  • Trades around 7.22 well above its 50 day moving average of 6.24
Over on Motley Fool CAPS members think the stock will beat the market by a vote of 101 to 29 with the All Stars in agreement 62 to 2.
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
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.  

Disclosure: I am long BLC.
Stocks: BLC