Today I sold Grupo Financiero Galicia (NASDAQ:GGAL) and bought Skechers USA (NYSE:SKX) in the Barchart Van Meerten New High portfolio:
SOLD Grupo Financiero Galicia (GGAL)
Barchart technical indicators:
- 16% Barchart technical sell signals
- Trend Spotter sell signal
- Below its 20 and 50 day moving averages
- 24.27% off its recent high
- Relative Strength Index 42.21%
BOUGHT Skechers USA (SKX)
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 25.75% in the last month
- Relative Strength Index 75.67%
- Barchart computes a technical support level at 53.85
- Recently traded at 56.55 with a 50 day moving average of 47.96
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