Tuesday, June 26, 2012

3 High Growth MicroCaps with Great Technicals

Today I ran 285 MicroCaps that analysts predict will have earnings growth of at least 10% next year through the Barchart technical screener to find the 3 with the best technical indicators and found Virnetx Holdings (VHC), Grand Canyon Education (LOPE) and Akorn (AKRX)

Graphs and technical indicators provided by Barchart.com

Virnetx Holdings (VHC)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 3 new highs and up 16.67% in the last month
  • Relative Strength Index 64.73%
  • Barchartt computes a technical support level at 33.61
  • Recently traded at 35.14 with a 50 day moving average of 29.83
Grand Canyon Education (LOPE)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 9.10% in the last month
  • Relative Strength Index 72.46%
  • Barchart computes a technical support level at 19.22
  • Recently traded at 20.02 with a 50 day moving average of 17.09
Akorn (AKRX)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 15.47% in the last month
  • Relative Strength Index 75.99%
  • Barchart computes a technical support level at 15.35
  • Recently traded at 15.82 with a 50 day moving average of 13.27






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