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