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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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  • 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 (NASDAQ: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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  • Dalton Imperial
    , contributor
    Comments (62) | Send Message
    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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