This week I added Royal Dutch Shell (RDS.B), Statoil ASA (STO),Dynegy (DYN) and Ace Limited (ACE) to the Barchart Van Meerten New High portfolio for great technical indicators and price momentum:

Royal Dutch Shell (RDS.B)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 10.37% in the last month
• Relative Strength Index 86.43%
• Barchart computes a technical support level at 85.72%
• Recently traded at 86.76 with a 50 day moving average of 79.23

Statoil ASA (STO)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 12.96% in the last month
• Relative Strength Index 76.53%
• Barchart computes a technical support level at 31.25
• Recently traded at 31.28 with a 50 day moving average of 28.29

Dynegy (DYN)

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 28.52% in the last month
• Relative Strength Index 90.73%
• Barchart computes a technical support level at 29.91
• Recently traded at 31.62 with a 50 day moving average of 25.69

Ace Limited (ACE)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 4.81% in the last month
• Relative strength Index 61.59%
• Barchart computes a technical support level at 101.26
• Recently traded at 102.30 with a 50 day moving average of 99.42

Disclosure: I am long RDS.B, STO, DYN, ACE.