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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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  • Sell Signals - ARL,ATL,CVGI,KINS,MPET,STM 0 comments
    Aug 8, 2014 12:02 PM | about stocks: ARL, ATL, CVGI, KINS, MPET, STM

    A good time to do some house cleaning is when the market is weak. It's easier to see which stocks just don't have enough market support to keep up the momentum in hard times. This week I deleted a few stocks from the Barchart Van Meerten Speculative portfolio because they we not adding any value to my holdings.

    The list includes American Realty Investors (NYSE:ARL), Anooraq Resources (NYSEMKT:ATL), Commercial Vehicle Group (NASDAQ:CVGI), Kingstone (NASDAQ:KINS), Magellan Petroleum (NASDAQ:MPET), and Stmicroelectronics (NYSE:STM):

    American Realty Investor (ARL)

    Barchart technical indicators:

     

    • 100% Barchart technical sell signals
    • Trend Spotter sell signal
    • Below its 20, 50 and 100 day moving averages
    • 16.17% off its recent high
    • Relative Strength Index 33.82%


    Anooraq Resources (ATL)

    Barchart technical indicators:

     

    • 64% Barchart technical sell signal
    • Trend Spotter sell signal
    • Below its 20, 50 and 100 day moving averages
    • 31.25% off its recent high
    • Relative Strength Index 39.76%


    Commercial Vehicle Group (CVGI)

    Barchart technical indicators:

     

    • 56% Barchart technical sell signals
    • Trend Spotter sell signal
    • Below its 20, 50 and 100 day moving averages
    • 15.86% off its recent high
    • Relative Strength Index 36.74%


    Kingstone (KINS)

    Barchart technical indicators:

     

    • 32% Barchart technical sell signal
    • Trend Spotter hold (today)-- was sell when I sold
    • Below its 20, 50 and 100 day moving averages
    • 8.77% below its recent high
    • Relative Strength Index 42.70%


    Magellan Petroleum (MPET)

    Barchart technical indicators:

     

    • 8% Barchart technical sell signals
    • Trend Spotter sell signal
    • Below its 20 and 50 day moving averages
    • 21.83% off its recent high
    • Relative Strength Index 44.90%


    Stmicroelectronics (STM)

    Barchart technical indicators:

     

    • 96% Barchart technical sell signals
    • Trend Spotter sell signal
    • Below its 20,, 50 and 100 day moving averages
    • 22.50% off its recent high
    • Relative Strength Index 28.57%

    Posted by Jim Van Meerten Jim van meerten at 11:57 AM

    Stocks: ARL, ATL, CVGI, KINS, MPET, STM
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