5 Mid Caps for Momentum Investors

Readers have asked me to identify momentum opportunities as early as possible so I have changed my screening criteria to very short term technical indicators.  Today I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the most frequent new highs in the last month then again for short term technical buy signals.  I always use the Flipchart feature to review the charts for consistency.  Today's watch list includes:

Packaging Corp of America (PKG), NCR Corp (NCR), Brown & Brown (BRO), Alexandria Real Estate Equity (ARE) and American Financial Group (AFG)

Packaging Corp of America (PKG)

Barchart technical indicators:

• 80% short term technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 19 new highs and up 29.35% in the last month
• Relative Strength Index 72.26%
• Technical support level at 57.27
• Recently traded at 58.91 with a 50 day moving average of 52.15

NCR Corp (NCR)

Barchart technical indicators:

• 80% short tern technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 24.14% in the last month
• Relative Strength Index 74.27%
• Technical support level at 27.80
• Recently traded at 28.26 with a 50 day moving average of 22.87

Brown & Brown (BRO)

Barchart technical indicators:

• 80% short term technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 11.00% in the last month
• Relative Strength Index 76.87%
• Technical support level at 34.94
• Recently traded at 35.24 with a 50 day moving average of 31.91

Alexandria Real Estate Equities (ARE)

Barchart technical indicators:

• 80% short term technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 15.44% in the last month
• Relative Strength Index 70.50%
• Technical support level at 86.81
• Recently traded at 87.81 with a 50 day moving average of 79.79

American Financial Group (AFG)

Barchart technical indicators:

• 80% short term technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 6.36% in the last month
• Relative Strength Index 65.45%
• Technical support level at 69.34
• Recently traded at 71.24 with a 50 day moving average of 68.23