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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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Barchart Portfolio Blogs
  • Jet Blue Sell Signals 0 comments
    May 18, 2013 1:01 PM | about stocks: JBLU

    All of my model portfolios has different screening criteria: some based on technical momentum, some based on fundamental factors and some based on both. Occasionally a stock may meet the screening criteria of more than one portfolio. That happened with Jet Blue (NASDAQ:JBLU). It was added to the New High portfolio when I screened for stocks trading over 100,000 shares a day hitting the most frequent new highs and at the same time was added to the Speculative portfolio because it was a stock trading under $10 the was hitting new highs.

    Today I'm deleting it from both because it has reversed that former momentum:

    (click to enlarge)

    Barchart technical indicators:

     

    • 80% Barchart short term technical sell signal
    • Trend Spotter sell signal
    • Trading below its 20 and 50 day moving averages
    • 7.74% loss in the last 20 days
    • 11.54% off its 1 year high
    • Relative Strength Index 39.81%
    Stocks: JBLU
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