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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
  • 4 Great Low Priced Stocks 2 comments
    May 1, 2012 4:45 PM | about stocks: RDI, BTN, UMC, SBLK

    This morning I added Reading International (RDI), Ballantyne Strong (BTN), United Microelectronics (UMC) and Star Bulk Carrier (SBLK) to the Barchart Van Meerten Speculative portfolio. These are low priced stocks with very strong short term momentum

    Reading International (RDI)

    Barchart technical indicators:

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 14 new highs and up 8.37% in the last month
    • Relative Strength Index 75.67%
    • Barchart computes a technical support level at 4.67
    • Recently traded at 5.05 with a 50 day moving average of 4.61

    Ballantyne Strong (BTN)

    Barchart technical indicators:

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 18.23% in the last month
    • Relative Strength Index 71.63%
    • Barchart computes a technical support level at 5.80
    • Recently traded at 6.29 with a 50 day moving average of 5.37

    United Microelectronics (UMC)

    Barchart technical indicators:

    • 64% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 11 new highs and up 7.76% in the last month
    • Relative Strength Index 61.53%
    • Barchart computes a technical support level at 2.63
    • Recently traded at 2.64 with a 50 day moving average of 2.57

    Star Bulk Carriers (SBLK)

    Barchart technical indicators:

    • 8% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20 and 50 day moving average
    • 11 new highs and up 6.47% in the last month
    • Relative Strength Index 54.43%
    • Barchart computes a technical support level at .93
    • Recently traded at .95 with a 50 day moving average of .94

    The stocks mentioned above may be held in either personal or family member accounts and/or mutual funds and separately managed accounts at Marketocracy Capital Management from whom I receive compensation as a financial analyst

    Disclosure: I am long RDI, BTN, UMC, SBLK.

    Stocks: RDI, BTN, UMC, SBLK
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  •  
    Jim - While I appreciate yours is a technical focus. There are several fundamental articles on Reading Int'l (RDI) that can be found at http://bit.ly/xhUDRE
    3 May 2012, 01:39 PM Reply Like
  •  
    SeekingAlpha just published a new article I wrote on Reading International (RDI) as an “Editor’s Pick.” This article discusses Reading’s recently announced Q1 2012 results and growth prospects, highlighting continued growth of global cinema exhibition operating results. The article also sets forth key disclosures in Reading's March Q1, 2012 10-Q and other filings that offer investors substantial information about Reading's business plan and its large pool of valuable real estate assets.

    Strong Box Office Propels Reading International's Q1 2012 Growth And Prospects
    May 11, 2012 | about: RDI, includes: CKEC, CNK, RGC

    http://seekingalpha.co...
    12 May 2012, 11:49 AM Reply Like
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