Today I deleted HCA Holdings (NYSE:HCA) and SEI Investments (NASDAQ:SEIC) from the Barchart Van Meerten New High Portfolio because I felt the downside risk was greater than the upside potential. As you can see from the chart below neither has done very well over the last 2 1/2 months:
HCA Holdings
Barcart technical indicators:
- 64% Barchart technical sell signals
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 13.71% off its previous high
- Relative Strength Index 36.47%
SEI Investments
Barchart technical indicators:
- 48% Barchart technical sell signals
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 10.71% off its recent high
- Relative Strength Index 42.70%
