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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
  • 3 High Growth Stocks With Great Technicals 0 comments
    Jun 22, 2012 9:05 AM | about stocks: ALGT, NUVA, DG

    This morning I tried an experiment I think you'll enjoy. I used both a fundamental and technical screener to find 3 High Growth stocks that have great technical indicators. First, I used the Value Linescreener to find the stocks that analysts thought will have at least a 10% increase in revenue, earnings and price. That narrowed the 1700 stocks in their data base down to 258. I then entered those into Barchart and sorted for those with the best current technical momentum and found Allegiant Travel Company (ALGT), Nuvasive(NUVA) and Dollar General Corp (DG). When a stock has very positive projections from the fundamental analysts and great current price momentum how can you miss?

    Allegiant Travel Company (ALGT)

    Barchart technical indicators:

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 11 new highs and up 11.19% in the last month
    • Relative Strength Index 67.47%
    • Barchart computes a technical support level at 68.40
    • Recently traded at 69.67 with a 50 day moving average of 62.97


    Nuvasive (NUVA)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 9 new highs and up 17.14% in the last month
    • Relative Strength Index 64.01%
    • Barchart computes a technical support level at 21.45
    • Recently traded at 22.42 with a 50 day moving average of 19.26


    Dollar General Corp (DG)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signal
    • Trend spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 14 new highs and up 13.01% in the last month
    • Relative Strength Index 68.52%
    • Barchart computes a technical support level at 51.61
    • Recently traded at 52.38 with a 50 day moving average of 48.04

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in ALGT, NUVA, DG over the next 72 hours.

    Stocks: ALGT, NUVA, DG
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