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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
My company:
Marketocracy Capital Management
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Barchart Portfolio Blogs
  • 3 Stocks Bucking The Trend 0 comments
    May 18, 2012 9:39 AM | about stocks: XNPT, WSBF, PRGX

    With the market as measured by the Value Line Index hitting new lows every day I thought you'd like to see 3 stocks continuing to buck the trend. I used Barchart to find 3 that I think have very interesting charts that might be good additions to your watch lists. The stocks are Xenoport (NASDAQ:XNPT), Waterstone Financial (NASDAQ:WSBF) andPRGX Global (NASDAQ:PRGX).

    For reference I've included an hourly trading chart of the Value Line Index over the past month:

    Xenoport (XNPT)

    Barchart technical indicators:

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 10 new highs and up 31.26% in the last month
    • Relative Strength Index 68.90%
    • Barchart computes a technical support level at 5.49
    • Recently traded at 5.92 with a 50 day moving average of 4.53

    Waterstone Financial (WSBF)

    Barchart technical indicators:

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 10 new highs and up 34.55% in the last month
    • Relative Strength Index 80.49%
    • Barchart computes a technical support level at 3.86
    • Recently traded at 7.08 with a 50 day moving average of 3.10

    PRGX Global (PRGX)

    Barchart technical indicators:

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving average
    • 11 new highs and up 4.50% in the last month
    • Relative Strength Index 70.17%
    • Barchart computes a technical support level at 6.77
    • Recently traded at 7.08 with a 50 day moving average of 6.33
    Stocks: XNPT, WSBF, PRGX
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