I added some new stocks to the Barchart Van Meerten Speculative portfolio for great technical indicators and positive price momentum. Additions include Sandridge Missippian Trust (SDR), MFA Financial (MFA), Magellan Petroleum (MPET) and ST Microelectronics (STN):
Sandridge Missippian Trust (SDR)
Barchart technical indicators:
- 24% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 9 new highs and up 8.24% in the last month
- Relative Strength Index 58.09%
- Barchart computes a technical sup[port level at 8.21
- Recently traded at 8.40 with a 50 day moving average of 7.96
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 3.06% in the last month
- Relative Strength Index 66.54%
- Barchart computes a technical support level at 7.98
- Recently traded at 8.06 with a 50 day moving average of 7.86
Magellan Petroleum (MPET)
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 10 new highs and up 58.27% in the last month
- Relative Strength Index 79.73%
- Barchart computes a technical support level at 2.33
- Recently traded at 2.47 with a50 day moving average of 1.68
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 10.38% in the last month
- Relative Strength Index 65.87%
- Barchart computes a technical support level at 9.41
- Recently traded at 9.69 with a 50 day moving average of 9.21
Disclosure: I am long SDR, MFA, MPET, STM.