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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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  • WMT,TASR,SWIR Buy Signals 0 comments
    May 30, 2012 10:46 AM | about stocks: WMT, TASR, SWIR

    This morning I added to following stocks to the Barchart Van Meerten New High model portfolio: Wal-Mart Stores (NYSE:WMT), Taser International (NASDAQ:TASR) and Sierra Wireless (NASDAQ:SWIR).

    Wal-Mart Stores (WMT)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 17 new highs and up 11.88% in the last month
    • Relative Strength Index 79.76%
    • Barchart computes a technical support level at 65.00
    • Recently traded at 65.83 with a 50 day moving average of 60.75


    Taser International (TASR)

    Barchart technical indicators:

     

    • 80% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving average
    • 13 new highs and up 16.95% in the last month
    • Relative Strength Index 71.65%
    • Barchart computes a technical support level at 5.27
    • Recently traded at 5.38 with a 50 day moving average of 4.62


    Sierra Wireless (SWIR)

    Barchart technical indicators:

     

    • 80% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 29.22% in the last month
    • Relative Strength Index 83.94%
    • Barchart computes a technical support level at 8.34
    • Recently traded at 8.78 with a 50 day moving average of 7.59

    Disclosure: I am long WMT, TASR, SWIR.

    Stocks: WMT, TASR, SWIR
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