Thursday, February 23, 2012

3 Sma;; Cap S&P 600 stocks on the move up

This morning I used Barchart to screen the Small Cap S&P 600 stocks to find the 3 with the best technical momentum and found Encore Wire (WIRE), Texas Roadhouse (TXRH) and Prospect Capital (PSEC)

Encore Wire (WIRE)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 9.78% in the last month
  • Relative Strength Index 69.66
  • Barchart computes a technical support level at 28.57
  • Recently traded at 29.57 with a 50 day moving average of 26.93
Texas Roadhouse (TXRH)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 11.18% in the last month
  • Relative Strength Index 77.23
  • Barchart computes a technical support level at 16.46
  • Recently traded at 17.40 with a 50 day moving average of 15.33
Prospect Capital (PSEC)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 9.00% in the last month
  • Relative Strength Index 78.19%
  • Barchart computes a technical support level at 11.11
  • Recently traded at 11.39 with a 50 day moving average of 10.09




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