Today I deleted Theravance (THRX) from the Barchart Van Meerten New High portfolio for negative price trends and :
- 40% Barchart technical sell signal
- Trading below 20 day moving average
- Off 11.23% from 20 day moving average
- 13.12% off recent high
- Relative strength Index is 46.71% and falling
Jim Van Meerten is an advisor to Marketocracy Capital Managementwho uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or emailJimVanMeerten@gmail.com.Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.
Disclosure: I sold my position