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Spreadtrum Communictions is a buy

|Includes: Spreadtrum Communications, Inc. (SPRD)

Today I added Spreadtrum Communications (SPRD) to the Barchart Van Meerten New High portfolio for positive price momentum.

Barchart technical indicators:
  • 80% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 32.41% in the last month
  • Relative Strength Index 70.62% and rising
  • Barchart computes a technical support level at 20.23
  • Recently traded at 20.44 which is above its 50 day moving average of 16.26
Jim Van Meerten is a Marketocracy Master