Wednesday, June 1, 2016

CDK Global - Mid Cap for Momentum Investors

Today 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 more.  CDK Global  (CDK) was right at the top of the list.

Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 16.44% in the last month
  • Relative Strength Index 81.35%
  • Technical support level at 54.78
  • Recently traded at 55.39 with a 50 day moving average of 49.18

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