Jim Van Meerten's  Instablog

Jim Van Meerten
Send Message
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
My company:
Marketocracy capital management
My blog:
Barchart Portfolio Blogs
  • Mastech Holdings 0 comments
    Nov 7, 2013 4:45 PM | about stocks: MHH

    The Chart of the Day is Mastech Holdings (NYSEMKT:MHH). I found the stock by using Barchart to sort the New High List for Weighted Alpha and this stock has a WA of 265.90+. Since the Trend Spotter gave a buy signal on 9/24 the stock has gained 60.01%.

    It provides Information Technology services in the disciplines which drive today's business operations. Clients turn to Mastech for comprehensive I.T. services including: I.T. Consulting; OneSource Co-Managed projects and supplemental I.T. resources. Mastech's niche focus includes Business Intelligence/Data Warehousing; Enterprise Resource Planning; Service Oriented Architecture; Web Development and I.T. Project Management. Mastech also provides Recruitment Process Outsourcing services and Brokerage Operations Staffing services through its RPOworldwide and Global Financial Services subsidiaries. Mastech is a certified minority-owned business enterprise.

    (click to enlarge)

    Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

    Barchart technical indicators:

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 61.60% in the last month
    • Relative Strength Index 93.35%
    • Barchart computes a technical support level at 16.83
    • Recently traded at 18.61 with a 50 day moving average of 12.39

    Fundamental factors:


    • Market Cap $63.99 million
    • P/E 18.79
    • Financial Strength C++
    • Presently no analyst is covering the stock but they have made a profit every year since 2008 and paid a special dividend of $2.00 in 2012.

    This is a pure technical play since there is no Wall Street coverage. Using moving stop losses at the 100 day moving average to protect profits.

    Stocks: MHH
Back To Jim Van Meerten's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • $FC - 96% technical buy signals - 15 new highs and up 12.39% in the last month - Relative Strength Index 71.85%
    about 15 hours ago
  • $IGT 96% technical buy signals - 17 new highs and up 14.95% n the last month - Relative Strength Index 77.81%
    1 day ago
  • $TRMB - 100% technical buy signals - 15 new highs and up 10.57% in the last month - Relative Strength Index 68.90%
    6 days ago
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.