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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. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
My company:
Marketocracy Capital Management
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Barchart Portfolio Blogs
  • Fidleity Southern - The little stock that roars 0 comments
    Feb 3, 2011 3:49 PM | about stocks: 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.
     
    Themes: long ideas, banking Stocks: LION
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