5 Mid Caps For Momentum Investors
Today I used Barchart to sort the S&P 400 Mid Cap Index stocks to find the 5 best Momentum picks. First I sorted for the most frequent new highs in the last month, then again for technical buy signals of 80% or better. Next I used the Flipchart feature to review the charts for consistency.
Today's watch list includes: CDK Global (NASDAQ:CDK), Manhattan Associates (NASDAQ:MANH), Clear Harbors (NYSE:CLH), Communication Sales & Leasing (NASDAQ:CSAL) and Bio-Techne (TECH).
CDK Global
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 18 new highs and up 13.47% in the last month
- Relative Strength Index 85.34%
- Technical support level at 56.23
- Recently traded at 56.88 with a 50 day moving average of 50.22
Manhattan Associates
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 18 new highs and up 16.05% in the last month
- Relative Strength Index 75.24%
- Technical support level at 66.20
- Recently traded at 68.17 with a 50 day moving average of 61.44
Clear Harbors
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 13.30% in the last month
- Relative Strength Index 76.65%
- Technical support level at 52.83
- Recently traded at 53.95 with a 50 day moving average of 49.45
Communications Sales & Leasing
Barchart technical indicators:
- 100% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 13.82% in the last month
- Relative Strength Index 80.76%
- Technical support level at 25.79
- Recently traded at 26.68 with a 50 day moving average of 23.80
Bio-Techne
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 12.30% in the last month
- Relative Strength Index 82.14%
- Technical support at 108.33
- Recently traded at 113.77 with a 50 day moving average of 99.73
Disclosure: None.