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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
  • 6 Sky Rocket Stocks 0 comments
    Mar 15, 2013 12:42 PM | about stocks: OWW, CERS, FFCH, DD, ACGL, UVV

    Today's featured stocks - I'll withhold the term "stock pick" - are highly volatile and before you consider adding them to your portfolio please do additional due diligence.

    On days when the market seems to be regrouping or taking a breather is a good day to learn how to screen for stocks that are beating the trend. Today I used Barchart to screen all the Stocks Hitting New Highs list, then sorted them for frequency and used the flipchart function to pan through the charts. Some have risen too fast to continue much longer and some seem to be rising in spite of poor fundamentals but I decided to give you the charts anyway.

    Today's list includes Orbitz Worldwide (NYSE:OWW), Cerus Corp (NASDAQ:CERS), First Financial Holdings (NASDAQ:FFCH), E I DuPont de Nemours and Co (NYSE:DD), Arch Capital Group (NASDAQ:ACGL) and Universal Corp (NYSE:UVV):

    Orbitz WorldWide (OWW)

    (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 78.68% in the last month
    • Relative Strength Index 88.86%
    • Barchart computes a technical support level at 5.25
    • Recently traded at 5.95 with a 50 day moving average of 3.55


    Cerus Corp (CERS)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 40.95% in the last month
    • Relative Strength Index 85.02%
    • Barchart computes a technical support level at 4.19
    • Recently traded at 4.45 with a 50 day moving average of 3.33


    First Financial Holdings (FFCH)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 31.77% in the last month
    • Relative Strength Index 89.30%
    • Barchart computes a technical support level at 21.03
    • Recently traded at 21.54 with a 50 day moving average of 16.72


    E I DuPont de Nemours and Co (DD)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 6.07% in the last month
    • Relative Strength Index 69.38%
    • Barchart computes a technical support level at 49.574
    • Recently traded at 49.91 with a 50 day moving average of 47.51


    Arch Capital Group (ACGL)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 8.75%
    • Relative strength Index 81.80%
    • Barchart computes a technical support level at 50.98
    • Recently traded at 51.71 with a 50 day moving average of 47.35


    Universal Corp (UVV)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 14 new highs and up 4.19% in the last month
    • Relative Strength Index 66.46%
    • Barchart computes a technical support level at 57.07
    • Recently traded at 57.97 with a 50 day moving average of 54.81
    Stocks: OWW, CERS, FFCH, DD, ACGL, UVV
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