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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. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
My company:
Marketocracy Capital Management
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Barchart Portfolio Blogs
  • XPH Pharma ETF is the cure 0 comments
    Nov 24, 2009 5:11 PM | about stocks: XPH
    On Financial Tides I'm adding the Pharma Spider XPH to my VMSLO portfolio. This ETF is being bought for technical reasons only.

    On BarChart XPH has hit 14 new highs in 20 trading sessions and has hit 4 new highs in the last 4 days. It is right at its 260 day high. BarChart's technical indicators have 12 of 13 buy ratings with one hold for a 96% Buy rating. There has been a 12.93% price appreciation in the last 65 days.

    Recommendation: Buy XPH around 37 with a stop loss no higher that 35.

    Jim Van Meerten is an investor who writes on financial matters here and on Financial Tides. Please leave a comment below or email FinancialTides@gmail.com

    Disclosure: I hold no positions in XPH at time of publication
    Themes: ETF Stocks: XPH
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