Bought BBBY, EQR And NTT

Earlier in the week, before the recent market correction, I made a few buys in the Barchart Van Meerten New High Portfolio. The additions were Equity Residential (NYSE:EQR), Bed Bath & Beyond (NASDAQ:BBBY) and Nippon Telegraph and Telephone (NYSE:NTT). They have moved a little since then but I think they are still sound.

Equity Residential (EQR)

Barchart technical indicators:

 

  • 72% Barchart technical buy signal
  • Trend Spotter hold signal
  • Above its 2, 50 and 100 day moving averages
  • 15 new highs and up 2.84% in the last month
  • Relative Strength Index 53.75%
  • Barchart computes a technical support level at 64.40
  • Recently traded at 64.80 with a 50 day moving average of 63.05


Bed Bath & Beyond (BBBY)

Barchart technical indicators:

  • 64% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 100 day moving average
  • 14 new highs and up 10.06% in the last month
  • Relative Strength Index 62.98%
  • Barchart computes a technical support level at 62.54
  • Recently traded at 63.13 with a 50 day moving average of 60.67


Nippon Telegraph and Telephone (NTT)

Barchart technical indicators:

 

  • 72% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 6.54% in the last month
  • Relative Strength Index 59.04%
  • Barchart computes a technical support level at 33.39
  • Recently traded at 33.28 with a 50 day moving average of 31.40


In the most recent Marketocracy rankings this portfolio beat 97.9% of the 100,000 portfolios they review and beat 90.4% for the 5 year period.

Disclosure: I bought EQR, BBBY, NTT

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.