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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
My blog:
Barchart Portfolio Blogs
  • 5 Stocks Hitting New Highs 0 comments
    Dec 15, 2012 12:22 PM | about stocks: X, VVI, VIPS, UAL, TSO

    Today stocks are a little mixed bag with several common traits: On Friday theyall hit new highs for the month, traded at least 100K shares and have a Barchart technical buy signal of 100%. On the list are United States Steel (NYSE:X), Viad Corp (NYSE:VVI), Vipshop Holdings (NYSE:VIPS), United Continental (NYSE:UAL) and Tesoro Petroleum (NYSE:TSO):

    United States Steel (X)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 11 new highs and up 17.08% in the last month
    • Relative Strength Index 69.42%
    • Barchart computes a technical support level at 21.87
    • Recently traded at 23.85 with a 50 day moving average of 21.44


    Viad Corp (VVI)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 16 new highs and up 37.32% in the last month
    • Relative Strength Index 85.44%
    • Barchart computes a technical support level at 23.81
    • Recently traded at 26.53 with a 50 day moving average of 21.38


    Vipshop Holdings (VIPS)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signal
    • Trend spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 10 new highs and up 16.95% in the last month
    • Relative Strength Index 72.06%
    • Barchart computes a technical support level at 13.03
    • Recently traded at 14.56 with a 50 day moving average of 10.99


    United Continental (UAL)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical bu signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving average
    • 9 new highs and up 15.17% in the last month
    • Relative Strength Index 75.73%
    • Barchart computes a technical support level at 22.54
    • Recently traded at 23.01 with a 50 day moving average of 20.41


    Tesoro Petroleum (TSO)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 8 new highs and up 16.06% in the last month
    • Relative Strength Index 56.34%
    • Barchart computes a technical support level at 40.31
    • Recently traded at 43.66 with a 50 day moving average of 39.48


    MORE STOCK PICKS

    Stocks: X, VVI, VIPS, UAL, TSO
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