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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
  • Torch Energy hits new highs 0 comments
    Aug 24, 2011 11:32 AM | about stocks: TRU
    This morning I added Torch Energy Royalty Trust (TRU) to the Barchart Van Meerten Speculative portfolio for hitting 12 new highs in the last month.

     
    Barchart technical indicators:
     
    • 100% Barchart short term technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 41.71% in the last month
    • Relative Strength Index 73.85% and rising
    • Barchart computes a 52.49 technical support level
    • Traded recently at 2.90 which is above its 50 day moving average of 2.02
    Jim Van Meerten is a Marketocracy Master
     
    Themes: long ideas, income, oil, energy Stocks: TRU
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