Van Meerten's picks

I use Barchart.com as my major stock screening tool. Most of the features are free but I upgraded to the $20 per month to get more features. It's easy and straight forward so it doesn't numb my mind with useless garbage. The opinions are purely technical and with red for no and green for yes, I can understand that.

It ranks CXO as a 100% buy on all of it's TA indicators. It has had 22 new highs in the last 65 trading sessions and is presently at 1.34% below it's high of 32.75. Over the past few years it has not only increased revenue but improved it's margins. Of the 6 analyst that follow the stock all have either buy to hold with no sells or underweights.

This is an oil and gas company that acquires and develops most of it's producing properties. I can't find any reason why this stock will not continue to outperform not only the market but other oil and gas stocks as well.

Although BarChart has an indicator of a support level at 30.50, my stop loss on this stock is at 27.

Comments: View Comments |  Monday May 26, 2008