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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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  • Sold GGAL, Bought SKX 0 comments
    Aug 11, 2014 3:58 PM | about stocks: GGAL, SKX

    Today I sold Grupo Financiero Galicia (NASDAQ:GGAL) and bought Skechers USA (NYSE:SKX) in the Barchart Van Meerten New High portfolio:

    SOLD Grupo Financiero Galicia (GGAL)

    Barchart technical indicators:

     

    • 16% Barchart technical sell signals
    • Trend Spotter sell signal
    • Below its 20 and 50 day moving averages
    • 24.27% off its recent high
    • Relative Strength Index 42.21%


    BOUGHT Skechers USA (SKX)

    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 25.75% in the last month
    • Relative Strength Index 75.67%
    • Barchart computes a technical support level at 53.85
    • Recently traded at 56.55 with a 50 day moving average of 47.96
    Stocks: GGAL, SKX
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