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China Distance Education - DL - Has run its course

|Includes:China Distance Education Holdings Limited (DL)

I'm deleting China Distance Education (NYSE:DL) from the Barchart Van Meerten Speculative portfolio for downward price momentum reasons:

  • Lost 14.54% last month
  • Down 5 straight days
  • 60% Barchart short term sell signal
  • Trading below its 20, 50 and 100 day moving averages
  • Relative Strength Index is only 34.79% and falling
Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs. Please leave a comment below or email

Disclosure: No position at the time of publication
Stocks: DL