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Electro Scientific Industries - ESIO - sell signals

|Includes: Electro Scientific Industries, Inc. (ESIO)

 This morning I placed a sell order for Electro scientific Industries (NASDAQ:ESIO) for my Barchart Van Meerten Speculative portfolio for negative price trends.

The stock has been flat to negative for some time.  Some of the other technical factors I considered:
  • 40% Barchart short term technical sell signal
  • Trend Spotter (tm) sell signal
  • Trading below its 20 and 50 day moving averages
  • 13.45% off its most recent high
  • Relative strength Index is 41.15% and falling
Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.