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.

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