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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
  • Swimming Against The Tide Today 2/4 0 comments
    Feb 4, 2014 12:09 PM | about stocks: SXL, LOCK, OHRP, RENT, DXCM

    Please do not interpret today's list as a buy list. I do not advise buying into a dicey market. The Conference-Board.org has both the leading and coincident economic indicators as rising so I'm not in panic but according to Barchart's Market Momentum more than 50% of all stocks are still trading below their 20, 50 and 100 day moving averages and the Value Line Arithmetic Index is also:

    Ok, back to today's list. I used the Barchart All Time New High list, sorted for frequency in the last month and used the Flipchart feature to review the charts. The stocks that made the cut were Sunoco Logistics Partners LP (NYSE:SXL), Lifelock (NYSE:LOCK), Ohr Pharmaceutical (NASDAQ:OHRP),Rentrack (NASDAQ:RENT) and Dexcom (NASDAQ:DXCM):

    Sunoco Logistics Partners LP (SXL)

    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 5.89% in the last month
    • Relative Strength Index 66.04%
    • Barchart computes a technical support level at 76.82
    • Recently traded at 76.83 with a 50 day moving average of 72.35


    Lifelock (LOCK)

    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 30.23% in the last month
    • Relative Strength Index 71.44%
    • Barchart computes a technical support level at 19.32
    • Recently traded at 20.81 with a 50 day moving average of 17.34


    Ohr Pharmaceutical (OHRP)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 41.56% in the last month
    • Relative Strength Index 82.20%
    • Barchart computes a technical support level at 10.08
    • Recently traded at 11.68 with a 50 day moving average of 8.46


    Rentrack (RENT)

    Barchart technical indicators:

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 52.24% in the last month
    • Relative Strength Index 76.07%
    • Barchart computes a technical support level at 52.31
    • Recently traded at 56.49 with a 50 day moving average of 41.76


    Dexcom (DXCM)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend spotter buy signal
    • Above its 20, 50 an d100 day moving averages
    • 11 new highs and up 14.17% in the last month
    • Relative Strength Index 66.49%
    • Barchart computes a technical support level at 37.42
    • Recently traded at 39.51 with a 50 day moving average of 35.42
    Stocks: SXL, LOCK, OHRP, RENT, DXCM
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