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%