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

Electro Scientific Industries - ESIO - sell signals

|Includes:Electro Scientific Industries, Inc. (ESIO)

 This morning I placed a sell order for Electro scientific Industries (NASDAQ:ESIO) for my Barchart Van Meerten Speculative portfolio for negative price trends.

 
The stock has been flat to negative for some time.  Some of the other technical factors I considered:
 
 
  • 40% Barchart short term technical sell signal
  • Trend Spotter (tm) sell signal
  • Trading below its 20 and 50 day moving averages
  • 13.45% off its most recent high
  • Relative strength Index is 41.15% and falling
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: ESIO