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Trimmed A Few Stocks

|Includes:CVX, CYH, FCF, Health Management Associates Inc. (HMA), OFG

The Market as measured by the Value Line Index is down a bit. I trimmed a few stocks from the Barchart Van Meerten New High portfolio not because I wanted to raise some cash but because of sell signals triggered by each stock individually. My initial warning is when I lose 10% or the stock begins to trade below its 50 day moving average. The stocks trimmed were Health Management Associates (NYSE:HMA), Community Health Systems (NYSE:CYH), First Commonwealth Financial (NYSE:FCF), Oriental Financial (NYSE:OFG) and Chevron (NYSE:CVX). Please review the Barchart technical indicators and charts and see if you agree:

Health Management Associates (HMA)

Barchart technical indicators:

 

  • 40% Barchart short term technical sell signals
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 11.91% off this month
  • 20.76% off its recent high
  • Relative strength Index 38.39%


Community Health Systems (CYH)

Barchart technical indicators:

 

  • 40% Barchart short term technical sell signals
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 6.21% off this month
  • 14.24% off its recent high
  • Relative Strength Index 40.11%


First Commonwealth Financial (FCF)

Barchart technical indicators:

 

  • 80% Barchart short term technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 9.83% off this month
  • 9.95% off its recent high
  • Relative Strength Index 35.80%


Oriental Financial (OFG)

Barchart technical indicators:

Barchart technical indicators:

 

  • 100% Barchart short term technical sell signals
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 8.39% off for the month
  • 9.54% off its recent high
  • Relative Strength Index 39.34%


Chevron (CVX)

Barchart technical indicators:

 

  • 60% Barchart short term technical sell signals
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 4.07% off for the month
  • 5.55% off its recent high
  • Relative Strength Index 36.95%


I'll begin adding back positions when the Market starts to come back. My gauges will be the Barchart Market Momentum and the Value Line Index.

Stocks: HMA, CYH, FCF, OFG, CVX