3 New High Stocks

Sep. 22, 2012 10:33 AM ETVG, WD, AEPI
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Long Only, Momentum, Portfolio Strategy

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Jim Van Meerten 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 attended post-baccalaureate and graduate courses in Business Administration, Quantitative Math, and Education at Florida Atlantic University, Georgia State University and University of North Carolina at Charlotte. In the past he has been an accountant, attorney, adjunct professor in Business Law, Accounting and Internal Auditing, financial advisor, supervisory principal, and compliance officer. He also passed the Georgia CPA Exam, the Certified Internal Auditor Exam, and the FINRA Series 7, 24 and 9/10 exams.He is presently also a contributor on MSN Top Stocks Blog, Motley Fool and is a member of the M100 on Marketocracy, an elete honor chosen by the editors of Marketocracy as being in the top 100 portfolio managers of over 100,000 portfoiios they review. He would enjoy hearing your comments at JimVanMeerten@gmail.com.

This morning I sorted the Barchart New High list to find the ones hitting the most frequent new highs in the past month and foundVonage Holdings (VG), Walker & Dunlop (WD) and AEP Industries (AEPI):

Vonage Holdings (VG)

Barchart technical indicators:

  • 80% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 20 new highs and up 15.38% in the last month
  • Relative Strength Index 62.96%
  • Barchart computes a technical support level at 2.30
  • Recently traded at 2.40 with a 50 day moving average of 2.09

Walker & Dunlop (WD)

Barchart technical indicators:

  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 50 day moving averages
  • 19 new highs and up 27.85% in the last month
  • Relative Strength Index 77.98%
  • Barchart computes a technical support level at 15.34
  • Recently traded at 15.93 with a 50 day moving average of 13.04

AEP Industries (AEPI)

Barchart technical indicators:

  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 19 new highs and up 18.40% in the last month
  • Relative Strength Index 92.34%
  • Barchart computes a technical support level at 55.89
  • Recently traded at 58.10 with a 50 day moving average of 49.32
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