This week I added the following stocks to the Barchart Van Meerten New High portfolio for superior upward momentum: Reynolds America (NYSE:RAI), Synnex (NYSE:SNX), Global Payments (NYSE:GPN), Selective Insurance (NASDAQ:SIGI) and Central Garden and Pet (NASDAQ:CENTA).
Reynolds America
Barchart technical indicators:
96% Barchart technical buy signals
64.00+ Weighted Alpha
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 11.64% in the last month
Relative Strength Index 71.87%
Barchart computes a technical support level at 46.07
Recently traded at 47.47 with a 50 day moving average of 43.18
Synnex
Barchart technical indicators:
96% Barchart technical buy signals
48.80+ Weighted Alpha
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
8 new highs and up 6.52% in the last month
Relative Strength Index 67.83%
Barchart computes a technical support level at 89.68
Recently traded at 92.25 with a 50 day moving average of 82.88
Global Payments
Barchart technical indicators:
80% Barchart technical buy signals
80.50+ Weighted Alpha
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 13.82% in the last month
Relative Strength Index 64.94%
Barchart computes a technical support level at 125.28
Recently traded at 130.37 with a 50 day moving average of 116.45
Selective Insurance
Barchart technical indicators:
96% Barchart technical buy signals
48.86+ Weighted Alpha
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 9.71% in the last month
Relative Strength Index 69.32%
Barchart computes a technical support level at 33.57
Recently traded at 34.82 with a 50 day moving average of 31.57
Central Garden and Pet
Barchart technical indicators:
