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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
My blog:
Barchart Portfolio Blogs
  • 5 Stocks Hitting New Highs 0 comments
    Aug 18, 2012 10:49 AM | about stocks: GFN, HAFC, GEOY, ACAS, VCI

    Today I used Barchart to screen the New High list of the stocks hitting the most new highs in the last month and found General Finance (NASDAQ:GFN), Hanmi Financial (NASDAQ:HAFC), Geoeye (NASDAQ:GEOY), AmericanCapital (NASDAQ:ACAS) and Valassis Communications (NYSE:VCI). They all hit 16 - 18 new highs in the last month and remember there are usually only 20 trading days in a month.

    General Finance (GFN)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 18 new highs and up 17.91% in the last month
    • Relative Strength Index 85.46%
    • Barchart computes a technical support level at 3.52
    • Recently traded at 3.95 with a 50 day moving average of 3.29


    Hanmi Financial (HAFC)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 18 new highs and up 22.78% in the last month
    • Relative Strength Index 83.79%
    • Barchart computes a technical support level at 12.75
    • Recently traded at 13.15 with a 50 day moving average of 10.82


    Geoeye (GEOY)

    (click to enlarge)

    Barchart technical indicators:

     

    • 72% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving average
    • 17 new highs and up 81.69% in the last month
    • Relative Strength Index 81.00%
    • Barchart computes a technical support level at 27.11
    • Recently traded at 27.58 with a 50 day moving average of 19.98


    American Capital (ACAS)

    (click to enlarge)

    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 12.96% in the last month
    • Relative Strength Index 81.25%
    • Barchart computes a technical support level at 11.04
    • Recently traded at 11.16 with a 50 day moving average of 10.01


    Valassis Communications (VCI)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 16 new highs and up 18.76% in the last month
    • Relative Strength Index 77.06%
    • Barchart computes a technical support level at 24.33
    • Recently traded at 24.88 with a 50 day moving average of 21.49
    Stocks: GFN, HAFC, GEOY, ACAS, VCI
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