3 Small Caps with Momentum

This morning I took a list of small cap stocks that analysts think will increase earnings per share by at least 10% in the coming year and screened them through Barchart to find which had the best technical indicators and found at the top of the list Safety Insurance Group (SAFT), Opnet Technologies (OPNT) and Nic Inc (EGOV):

Safety Insurance Group (SAFT)

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 9.76% in the last month
• Relative Strength Index 72.58%
• Barchart computes a technical support level at 44.49
• Recently traded at 45.42 with a 50 day moving average of 41.71

Opnet Technologies (OPNT)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 21.41% in the last month
• Relative strength Index 70.91%
• Barchart computes a technical support level at 27.41
• Recently traded at 30.56 with a 50 day moving average of 25.89

Nic Inc (EGOV)

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 10.33% in the last month
• Relative Strength Index 68.27%
• Barchart computes a technical support level at 13.77
• Recently traded at 14.20 with a 50 day moving average of 12.53