Van Meerten's picks

I'm adding NL INDUSTRIES, INC. (NL ) to the Barchart Van Meerten Speculative portfolio. The company conducts its operations through its two wholly-owned subsidiaries, Kronos, Inc. and Rheox, Inc. Kronos, Inc. produces titanium dioxide pigments, chemical products used for imparting whiteness, brightness and opacity to a wide range of products, including paints, paper, plastics, fibers and ceramics. Rheox, Inc. produces rheological additives that control the flow and leveling characteristics for a variety of products, including paints, inks, lubricants, sealants, adhesives and cosmetics.

This stock is solely a price momentum play hitting 16 new highs in the last 20 sessions including 5 in the last 5. The stock enjoyed a 32.17% price appreciation in the last month. It is a 80% Barchart technical buy and also rates a Trend Spotter (tm) buy rating. The stock trades around 8.28 with a 50 day moving average of 7.02.

On Motley Fool the CAPS members think the stock will beat the market by a vote of 35 to 19 with a similar vote from the All Stars of 14 to 8.

The stock pays a 6.4% dividend at the current price

The stock will be added to the Barchart Van Meerten Speculative portfolio because:

1 - Recent price appreciation of 32.17% with a 6.4% dividend

2 - 80% Barchart short term buy signal

3 - Trend Spotter (tm) buy signal

4 - 16 new highs in the last 20 trading sessions

5 - Positive investor sentiment
Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: No positions in the stock mentioned at the time of publication

Comments: View Comments |  Tuesday July 27, 2010