Today I wanted to find 5 Mid Cap stocks that would be of interest to Momentum Investors so I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better.
Today’s Watch List includes: Cabot (NYSE: CBT), Synopsys (Nasdaq: SNPS), Energizer (NYSE: ENR), Steris (NYSE: STE) and United Therapeutic (Nasdaq: UTHR)
Cabot
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 15.10% in the last month
Relative Strength Index 76.78%
Technical support level at 55.43
Recently traded at 58.29 with a 50 day moving average of 52.90
Synopsys
Barchart technical indicators:
100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 8.29% in the last month
Relative Strength Index 72.17%
Technical support level at 62.18
Recently traded at 63.81 with a 50 day moving average of 60.42
Energizer
Barchart technical indicators:
88% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 19.42% in the last month
Relative Strength Index 83.75%
Technical support level at 51.12
Recently traded at 63.81 with a 50 day moving average of 60.42
Steris
Barchart technical indicators:
80% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 5.68% in the last month
Relative Strength Index 62.63%
Technical support level at 71.14%
Recently traded at 71.20 with a 50 day moving average of 68.41
United Therapeutics
Barchart technical indicators:
96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 14.88% in the last month
Relative Strength Index 70.02%
Technical support level at 162.23
Recently traded at 164.33 with a 50 day moving average of 143.74
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