Wednesday, May 9, 2012

3 Good Small Caps

This morning we still have an ugly market.  The market as measured by the Value Line Index has a Barchart 72% technical sell signal, a Trend Spotter sell signal and is trending below its 20, 50 and 100 day moving averages.  70% off all the stocks are trading below their 20 day moving averages.  The hourly trending graph of the Value Line Index for the past month provided by Barchart is also ugly:


Where can you still see upward momentum?  I used Barchart to screen the S and P 600 Small Cap Index to find some stocks with upward momentum and found WD-40 (WDFC), Vitamin Shoppe (VSI) and Symmetry Medical (SMA).

WD-40 (WDFC)


Barchart technical indicators:
  • 88% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 1.49% in the last month
  • Relative Strength Index 58.96%
  • Barchart computes a technical support level at 43.68
  • Recently traded at 45.73 with a 50 day moving average of 44.35
Vitamin Shoppe (VSI)


Barchart techical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 18.79% in the last month
  • Relative Strength Index 71.10%
  • Recently traded at 54.04 with a 50 day moving average of 44.90
Symmetry Medical (SMA)


Barchart technical indicators:
  • 72% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 9.36% in the last month
  • Relative Strength Index 68.32%
  • Barchart computes a technical support level at 7.59
  • Recent;y traded at 7.84 with a 50 day moving average of 7.05 




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