Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Bassett Furniture Industries - BSET - Buy Signal

|Includes:Bassett Furniture Industries, Incorporated (BSET)

This morning I added Bassett Furniture Industries (NASDAQ:BSET) to theBarchart Van Meerten Speculative portfolio for very positive upward momentum:

Barchart technical indicators:


  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 19 new highs and up 8.74% in the last month
  • Relative Strength Index 84.11%
  • Barchart computes a technical support level at 8.72
  • Recently traded at 8.83 with a 50 day moving average of 8.18

Disclosure: I am long BSET.

Stocks: BSET