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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
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Marketocracy Capital Management
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Barchart Portfolio Blogs
  • 5 Stocks Hitting New Highs 0 comments
    Nov 3, 2012 1:34 PM | about stocks: NWL, ODFL, ALGT, SBRA, SATS

    Today I used the Barchart New High list of stocks trading over 100K shares a day and sorted for frequency. Near the top of the list wereNewell Rubbermaid (NYSE:NWL), Old Dominion Freight Lines (NASDAQ:ODFL), Allegiant Travel Company (NASDAQ:ALGT), Sabra Healthcare REIT (NASDAQ:SBRA) and EchoStar Corporation (NASDAQ:SATS)

    Newell Rubbermaid (NWL)

    (click to enlarge)

    Barchart technical indicators:

    • 96% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 14 new highs and up 11.50% in the last month
    • Relative Strength Index 70.19%
    • Barchart computes a technical support level at 20.58
    • Recently traded at 21.04 with a 50 day moving average of 19.26

    Old Dominion Freight Lines (ODFL)

    (click to enlarge)

    Barchart technical indicators:

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving average
    • 14 new highs and up 16.00% in the last month
    • Relative Strength Index 73.34%
    • Barchart computes a technical support level at 33.36
    • Recently traded at 33.78 with a 50 day moving average of 30.50

    Allegiant Travel Company (ALGT)

    (click to enlarge)

    Barchart technical indicators:

    • 80% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving average
    • 14 new highs and up 12.89% in the last month
    • Relative Strength Index 66.60%
    • Barchart computes a technical support level at 70.15
    • Recently traded at 72.97 with a 50 day moving average of 67.05

    Sabra HealthCare REIT (SBRA)

    (click to enlarge)

    Barchart technical indicators:

    • 96% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 13 new highs and up 9.69% in the last month
    • Relative Strength Index 76.00%
    • Barchart computes a technical support level at 21.86
    • Recently traded at 22.19 with a 50 day moving average of 20.36

    EchoStar Corporation (SATS)

    (click to enlarge)

    Barchart technical indicators:

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 11.62% in the last month
    • Relative Strength Index 76.52%
    • Barchart computes a technical support level at 32.47
    • Recently traded at 32.96 with a 50 day moving average of 29.65

    MORE STOCK PICKS

    Stocks: NWL, ODFL, ALGT, SBRA, SATS
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