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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
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Marketocracy Capital Management
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  • Perion Network - PERI - Buy Signals 1 comment
    Jul 20, 2012 3:16 PM | about stocks: PERI

    This afternoon I put in a buy order for Perion Networks (PERI) in theBarchart Van Meerten Speculative portfolio for great upward momentum. The chart is an hourly trading chart over the past month

    Perion Networks (PERI)

    Barchart technical indicators:

     

    • 72% Barhcart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 21.98% in the last month
    • Relative Strength Index 79.86%
    • Barchart computes a technical support level at 4.50
    • Recently traded at 4.94 with a 50 day moving average of 4.22

    Disclosure: I am long PERI.

    Stocks: PERI
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  • PERI has some good numbers (e.g. 1Q revenue up 30%, FW p/e under 5)...but I liked how it looked when I got in at this price in November (and watched it go above 5.50 and then flirt with dropping below 4).

     

    Hopefully the 2Q results on August 8 maintain recent momentum.
    20 Jul 2012, 09:57 PM Reply Like
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