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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
  • 5 Mid Cap Picks 0 comments
    Feb 26, 2013 12:36 PM | about stocks: WTR, WEN, CNVR, UTHR, TFX

    Just a little comment: Don't try to over think your investments. No matter how hard you try you will never have that perfect portfolio. Your goal should be easy to understand and simple to execute. There are about 12,000 investable stocks, all you need to do is to find 8 to 20 stocks that are on the right side of the market and trading above their moving averages. Buy those that are and get rid of the ones that aren't. Kind of like the Lake Wobegon effect: All my stocks are just slightly above average.

    Today's picks were found by taking the S & P 400 Mid Cap index and sorting for those with the best Barchart technical indicators and charts. The list today includes some of the stocks that appeared in previous lists but still have upward momentum. The list includes Aqua America (NYSE:WTR),Wendy's (NASDAQ:WEN), ValueClick (VCLK), United Therapeutics (NASDAQ:UTHR) andTeleflex (NYSE:TFX):

    Aqua America (WTR)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical bu signals
    • Trend spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 8.29% in the last month
    • Relative Strength Index 70.04%
    • Barchart computes a technical support level at 28.32
    • Recently traded at 29.00 with a 50 day moving average of 26.85


    Wendy's (WEN)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signals
    • Above its 20, 50 and 100 day moving averages
    • 6 new highs and up 6.00% in the last month
    • Relative Strength Index 68.77%
    • Barchart computes a technical support level at 5.38
    • Recently traded at 5.49 with a 50 day moving average of 5.02


    ValueClick (VCLK)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 8 new highs and up 26.38% in the last month
    • Relative Strength Index 73.69%
    • Barchart computes a technical support level at 25.63
    • Recently traded at 26.30 with a 50 day moving average of 21.13


    United Therapeutics (UTHR)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 9 new highs and up 8.52% in the last month
    • Relative Strength Index 71.79%
    • Barchart computes a technical support level at 54.04
    • Recently traded at 58.03 with a 50 day moving average of 53.44


    Teleflex (TFX)

    (click to enlarge)

    Barchart technical indicators:

     

    • 88% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 8 new highs and up 4.44% in the last month
    • Relative strength Index 66.45%
    • Barchart computes a technical support level at 76.98
    • Recently traded at 78.23 with a 50 day moving average of 74.28
    Stocks: WTR, WEN, CNVR, UTHR, TFX
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