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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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  • 5 Momentum Stocks 0 comments
    Jan 11, 2013 12:52 PM | about stocks: CHFN, RSE, GSH, PCRX, SAN

    Today I screened the stocks hitting new monthly highs and then sorted for frequency. Next I used to Flipchart function to find the charts I liked. My list includes Charter Financial (NASDAQ:CHFN), Rouse Properties (NYSE:RSE),Guangshen Railway (NYSE:GSH), Pacira Pharmaceuticals (NASDAQ:PCRX) and Banco Santander (NYSE:SAN):

    Charter Financial (CHFN)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 19 new highs and up 8.48% in the last month
    • Relative Strength Index 73.11%
    • Barchart computes a technical support level at 10.65
    • Recently traded at 11.00 with a 50 day moving average of 9.96


    Rouse Properties (RSE)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 18 new highs and up 16.22% in the last month
    • Relative Strength Index 87.50%
    • Barchart computes a technical support level at 17.59
    • Recently traded at 17.98 with a 50 day moving average of 15.76


    Guangshen Railway (GSH)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 17 new highs and up 18.52% in the last month
    • Relative Strength Index 82.16%
    • Barchart computes a technical support level at 20.37
    • Recently traded at 20.80 with a 50 day moving average of 17.87


    Pacira Pharmaceuticals (PCRX)

    (click to enlarge)

    Barchart technical indicators:

     

    • 80% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 16 new highs and up 17.35% in the last month
    • Relative Strength Index 78.58%
    • Barchart computes a technical support level at 18.07
    • Recently traded at 18.87 with a 50 day moving average of 16.53


    Banco Santander (SAN)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 14.91% in the last month
    • Relative Strength Index 77.07%
    • Barchart computes a technical support level at 8.62 with a 50 day moving average of 7.65
    Stocks: CHFN, RSE, GSH, PCRX, SAN
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