4 New Buys - November 17, 2015

Today I added Owens & Minor (NYSE:OMI), Vicon Industries (NYSEMKT:VII), Braskem (NYSE:BAK) and Tal Education Group (NYSE:XRS) to the Barchart Van Meerten New High portfolio for superior price momentum.

Owens & Minor

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 9.83% in the last month
  • Relative Strength Index 74.60%
  • Barchart computes a technical support level at 36.80
  • Recently traded at 37.93 with a 50 day moving average of 34.80

Vicon Industries

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 44.79% in the last month
  • Relative Strength Index 80.69%
  • Barchart computes a technical support level at 1.84
  • Recently traded at 2.43 with a 50 day moving average of 1.71

Braskem

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 28.59% in the last month
  • Relative Strength Index 76.83%
  • Barchart computes a technical support level at 12.14
  • Recently traded at 13.09 with a 50 day moving average of 9.88

Tal Education Group

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 15.51% in the last month
  • Relative Strength Index 77.95%
  • Barchart computes a technical support leve at 40.12
  • Recently traded at 41.58 with a 50 day moving average of 34.92

Disclosure:None.

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