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Powell Industries sell signal

|Includes: Powell Industries, Inc. (POWL)

This morning I detected sell signals on Powell Industries (NASDAQ:POWL) on Barchart.

Powell Industries, Inc. (POWLsells, designs, develops, manufactures, packages and services systems and equipment for the distribution, control and management of electrical energy and other dynamic processes. The principal products are switchgear and related equipment, bus duct and process control systems. These products and systems are utilized primarily byrefineries, petrochemical plants, utilities, paper mills, offshore platforms, commuter railways, vehicular transportation and numerous other industrial, commercial and governmental facilities.
Technical Factors:
  • 40% Barchart short term sell signal
  • Trend Spotter (tm) sell signal
  • Below 20 and 50 day moving averages
  • 12.04% off its recent high
  • Relative Strength Index is 38.37% and falling
Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs  in his daily blog -- Barchart Portfolio Blogs.
Through Marketocracy Capital Management  you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High model portfolio.