This morning I eliminated Answorth Mortgage Assets (NYSE:ANH) from the Barchart Van Meerten Speculative portfolio. Lately the stock hasn't been performing properly and is lagging the market.
Points I considered:
- Price loss of 9.31% in the last month - always try to cut looses on positions
- Barchart technical sell signals on both the short term and Trend Spotter (tm)
- Trading below 20 and 50 day moving averages
- Relative Strength Index is only 39.52% and falling
Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.
Disclosure: No position at the time of publication