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

Fidleity Southern - The little stock that roars

|Includes:Fidelity Southern Corporation (LION)

 This morning I added Fidelity Southern (NASDAQ:LION) to the Barchart Van Meerten Speculative portfolio.  You've got to love a stock with the trading symbol of LION.

Fidelity Southern Corporation, through its operating subsidiary Fidelity Bank, provides a wide range of banking, mortgage and investment services through branches in Atlanta, Georgia. Mortgage, construction, and automobile loans are also provided through offices in Jacksonville, Florida.

I found the stock while screening on Barchart for low priced stock hitting new highs.  Here are the factors I considered:

  • 96% Barchart technical buy signal
  • 18 new highs and up 24.17% in just the last month
  • Relative Strength Index is 77.81% and rising
  • Trades around 8.63 with a 50 day moving average of 7.25
Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.
Stocks: LION