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

3 Great Growth Stocks

Today I used Barchart to screen growth stocks analysts expect to have both revenue and earnings increase of at least 10% and are presently having good upward price momentum and found   Dollar General (DG), Verisign (VRSN) and Concur Technologies (CNQR)

Charts and Technical indicators provided by Barchart.com

Dollar General (DG)

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Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 13 new highs and up 15.44% in the last month
• Relative Strength Index 77.23%
• Barchartt computes a technical support level at 52.53
• Recently traded at 54.95 with a 50 day moving average of 48.48

Verisign (VRSN)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 9.95% in the last month
• Relative Strength Index 66.99%
• Barchart computes a technical support level at 42.43
• Recently traded at 43.76 with a 50 day moving average of 40.78

Concur Technologies (CNQR)

Barchart technical indicators:

• 72% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 9.23% in the last month
• Relative Strength Index 60.46%
• Barchart computes a technical support level at 65.78
• Recently traded at 67.35 with a 50 day moving average of 64.48

3 Great NASDAQ 100 Stocks

This morning I used Barchart to screen the NASDAQ 100 Index stocks to find the 3 with the best technical indicators and found Whole Foods Market (WFM), Perrigo (PRGO), and Biogen Idec (BIIB)

Whole Foods Market (WFM)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 9.50% in the last month
• Relative Strength Index 63.22%
• Barchart computes a technical support level at 93.39
• Recently traded at 95.56 with a 50 day moving average of 88.13

Perrigo (PRGO)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 12.04% in the last month
• Relative strength Index 74.32%
• Barchart computes a technical support level at 112.38
• Recently traded at 115.40 with a 50 day moving average of 105.42

Biogen Idec (BIIB)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 7.96% in the last month
• Relative Strength Index 64.82%
• Barchart computes a technical support level at 139.65
• Recently traded at 142.03 with a 50 day moving average of 133.29

Barchart's Morning Call 6/26

Barchart Morning Call

BC - 37 mins ago

Overnight Developments

• Sep E-mini S&Ps are mildly higher by +0.29% thanks to the slightly higher +0.18% trade in European stocks. Commodity prices are mixed this morning with crude oil up +0.23%, gold down -0.23%, copper -0.14%, and agricultural prices mixed. The dollar index is down -0.13 (-0.16%) and EUR/USD is down -0.08%. Sep 10-year T-note prices are down 8.5 ticks.
• Asian stocks today closed mostly lower due to yesterday's sharp sell-off in U.S. stocks: Japan -0.81%, Hong Kong 0.45%, China -0.07%, Taiwan -0.40%, Australia -0.36%, Singapore -0.34%, South Korea -0.44%, India +0.14%, Turkey +0.50%.
• Spain today successfully sold 3.08 billion euros of bills, although the yield on the 3-month bill jumped to 2.362% from 0.846% at the previous auction. Spain's 10-year yield today rose by 7 bp to 6.67% and Italy's 10-year bond yield today is up 5 bp at 6.05%.
• Italy's cabinet may approve as soon as today a measure that would allow Italy's banks to raise capital by selling bonds to the Italian government when the banks cannot sell bonds in the capital markets. However, selling bonds to the Italian government would raise the government's cash needs and further impair Italy's credit quality.
• Germany's July GfK consumer confidence index rose by 0.1 point to 5.8 from 5.7 in June, which was better than expectations for a 0.1 point decline to 5.6.
• Turkey has stepped up its rules of engagement with Syria and now says that "any military element that approaches the Turkish border from Syria in a way that may pose a risk or danger will be viewed as a threat and treated as a military target." That action comes after Turkey concluded that the Turkish military jet that Syria shot down last Friday was over international waters when it was shot down. Turkey called for a meeting today with its NATO allies to discuss Syria's downing of its plane.
• Japanese Prime Minister Noda's bill that raises Japan's 5% sales tax to 10% by 2015 was approved today by the lower house of Parliament. The bill must still be approved by the opposition-controlled upper house of Parliament, but that appears likely due to the acceptance by the opposition parties. The bill raises the sales tax to 8% in April 2014 and to 10% in October 2015. Japan is under pressure to address its massive budget deficit which will hit 223% of GDP next year, according to the OECD.
• Japan's June small business confidence index fell by 1.0 point to 46.2 from 47.2 in May.
• HSBC today cut its 2012 growth forecast for China to +8.4% from +8.6%.
• China's commerce ministry said today that China's trade growth is improving and that China can achieve 10% growth in exports and imports if the world economy does not worsen further.
• Tropical Storm Debby is nearly stalled 85 miles west of Cedar Key, Florida and is moving at only 3 mph. The storm had halted 44% of oil production in the Gulf of Mexico and 35% of gas production, but companies on Monday started returning workers to platforms.
  Market Comments
  • Sep E-mini S&Ps this morning are up 3.75 points (+0.29%) on the mildly higher trade in European stocks by +0.18% and on some short-covering after yesterday's sharp decline. The US stock market on Monday closed sharply lower: S&P 500 -1.60%, Dow Jones -1.09%, Nasdaq 100 -2.01%. The main bearish factor was pessimism about the Eurozone summit to be held later this week on Thursday and Friday. German Chancellor Merkel has refused to accept any of the provisions that might help solve the Eurozone debt crisis such as banking union, joint euro bonds, or using the ESM to directly lend money to banks or to buy sovereign bonds. Eurozone leaders at the Thur/Fri meeting will likely only accept the 130 billion euro growth pact that the leaders from Germany, France, Italy and Spain agreed upon last Friday that mainly involves a repackaging of existing EU funds and programs. The good news on Monday was that May U.S. new home sales rose sharply by 6.7% to a new 2-year high of 369,000, which was stronger than expectations of 347,000.
  • Sep 10-year T-notes this morning are down 8.5 ticks on the higher trade in U.S. and European stock indexes this morning. Sep 10-year T-note prices on Monday closed sharply higher: TYU2 +18, FVU2 +7.75. Sep T-notes rallied mainly on increased safe-haven demand with the sharp sell-off in stocks and the likelihood that the Eurozone debt crisis will not go away anytime soon with Germany Chancellor Merkel unwilling to step up German support for a solution.
  • The dollar index this morning is trading is down -0.13 points (-0.16%) on the calm trade in U.S. and European stock indexes. EUR/USD is down -0.08% and USD/JPY is down -0.36%. The dollar index on Monday closed mildly higher: Dollar Index +0.214 (+0.26%), EUR/USD -0.0066 (-0.53%), USD/JPY -0.77 (-0.96%). The dollar index rallied on increased safe-haven support as pessimism rose for the Thursday/Friday Eurozone summit. In addition, Cyprus on Monday requested a bailout for its banking system, which was not a surprise but will further drain the Eurozone's limited bailout facilities.
  • Aug WTI crude oil prices this morning are up +0.18 (+0.23%) and Aug gasoline is up +0.0230 (+0.92%) on the lower dollar index and higher trade in stock indexes. Oil and gas companies started returning workers to platforms on Monday after Tropical Storm Debby over the weekend shifted direction and moved toward Florida. Crude oil and gasoline prices on Monday closed mixed: CLQ2 -0.55 (-0.69%), RBQ2 +0.0306 (+1.24%). Crude oil fell on economic pessimism tied to the European debt crisis, while gasoline rose on various refinery outages in the U.S. and Europe. Tropical Storm Debby succeeded in shutting down about one-quarter of the oil output in the Gulf of Mexico but the storm is now expected to hover over the northeastern part of the Gulf of Mexico and eventually make landfall in Florida, staying away from the bulk of the oil rigs in the northwestern part of the Gulf.
  • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
    Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): HRB-H&R Block (consensus $2.07), RBN-Robbins & Myers (0.90).
    Global Financial Calendar
    

    Tuesday 6/26/12
    United States
    0745 ET	ICSC (Int'l Council of Shopping Centers) weekly retailer sales.
    0855 ET	Redbook weekly retailer sales.
    0900 ET	S&P-Case-Shiller Apr Composite-20 Home Price index expected +0.3% m/m and -2.65% y/y, Mar +0.09% m/m and -2.57% y/y.
    1000 ET	June U.S. consumer confidence (Conference Board) expected -1.5 to 63.5, May -3.8 to 64.9.
    1000 ET	June Richmond Fed manufacturing index expected +1 to 5, May -10 to 4.
    1130 ET	Weekly 4-week T-bill auction.
    1300 ET	Treasury sells $35 billion in 2-year T-notes.
    1630 ET	API weekly U.S. oil statistics.
    United Kingdom
    0430 ET	UK May public finances (PSNCR) expected 4.0 bln pounds, Apr -23.2 bln pounds. May public sector net borrowing expected 14.0 bln pounds, Apr -18.8 bln pounds.

    Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

SBA Communications - SBAC - Barchart's Chart of the Day

Barchart.coms Chart of the Day - SBA Communications (SBAC)

Barchart Research Team - BC - Mon Jun 25, 9:07PM CDT

Related Stocks

SBAC - SBA Communications Corp.

Sym	Last	Chg	Pct
SBAC	55.64	+0.89	+1.63%

The "Chart of the Day" is SBA Communications (SBAC), which showed up on Monday's Barchart "52-Week High" list. SBA Communications on Monday edged to a new 12-year high of $56.00 and closed up 1.63%. TrendSpotter has been long since June 15 at $53.72. In recent news on the stock, Barron's on May 20 mentioned SBA Communications as a stock that is a candidate for REIT conversion that could offer upside for investors. Macquarie on May 24 upgraded SBA Communications to Outperform from Neutral and raised its target to $60 from $56 based on valuation and growth. Canaccord on May 24 recommended buying cell tower stocks including SBA Communications because tower companies should benefit from cell carrier deployment of 4G LET nationwide networks and from upgrade activity at T-Mobile and Sprint. SBA Communications, with a market cap of $6.5 billion, is a leading independent owner and operator of wireless communications infrastructure in the United States.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• TrendSpotter: Buy
• Short-Term Indicators: 100% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 100% Buy

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Chart of the Day Archive
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3 Small Caps on the Move Up

An over looked sector of the market is small caps.  I'm not talking about those 10,000 pink sheet microcaps that are so small you've never heard of them but those stocks that are traded on the national exchanges and sometimes go unnoticed.  This morning I used the Barchart screener on the S & P 600 Small Cap Index stocks to find a few good stocks that are still having upward momentum.  I found Jack in the Box (JACK), Hanger Orthopedics (HGR) and Cambrex (CBM).

Jack in the Box (JACK)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 7.32% in the last month
• Relative Strength Index 65.36%
• Barchart computes a technical support level at 26.95%
• Recently traded at 26.69 with a 50 day moving average of 24.09

Hanger Orthopedics (HGR)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 10 new highs and up 14.79% in the last month
• Relative Strength Index 67.84%
• Barchart computes a technical support level at 23.30
• Recently traded at 24.51 with a 50 day moving average of 22.64

Cambrex (CBM)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 17.37% in the last month
• Relative Strength Index 73.57%
• Barchart computes a technical support level  at 7.89
• Recently traded at 8.31 with a 50 day moving average of 7.03

3 Mid Caps with momentum

This is a very choppy market and the only way to find stocks with momentum is to use a good stock screener like Barchart.  Today I used Barchart to screen the Mid Cap S & P 400 stocks to find 3 with charts and technicals that look interesting.  I'd put the following on my watch list:  PNM Resources (PNM), T W Telecom (TWTC) and MDC Holdings (MDC).

PNM Holdings (PNM)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 6 new highs and up 3.09% in the last month
• Relative Strength Index 60.71%
• Barchart computes a technical support level at 18.72
• Recently traded at 19.03 with a 50 day moving average of 18.52

T W Telecom (TWTC)

Barchart technical indicators:

• 88% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 9.56% in the last month
• Relative Strength Index 63.78%
• Barchart computes a technical support level at 24.78
• Recently traded at 24.84 with a 50 day moving average of 23.01

MDC Holdings (MDC)

Barchart technical indicators:

• 88% Barchart technical buy signal
• Trend Spotter hold signal but rising and looks to cross over to a buy at around 29.84
• Above its 20, 50 and 100 day moving average
• 8 new highs and up 12.81% in the last quarter
• Relative Strength Index 56.74%
• Barchart computes a technical support level at 28.07
• Recently traded at 29.03 with a 50 day moving average of 27.41

Barchart's Morning Call 6/25

Barchart Morning Call

BC - Mon Jun 25, 7:00AM CDT

Overnight Developments

• Sep E-mini S&Ps are down -0.72% and commodity prices are trading mostly lower due to to sharply lower European stocks and poor expectations for the Eurozone summit this Thursday and Friday. Crude oil is down -0.98%, gold is up +0.13%, copper is down -0.29%, and grains are up 2-3% on dry weather concerns. The dollar index is up +0.37% while EUR/USD is down -0.72%. T-note prices are up 11 ticks.
• The Euro Stoxx 50 index is down sharply by -1.79% this morning with Spanish stocks down -2.43%, Italian stocks down -2.83%, and Greek stocks down -4.29%. Asian stocks today closed lower across the board: Japan -0.72%, Hong Kong -0.51%, China -2.22%, Taiwan -0.77%, Australia -0.50%, Singapore -0.45%, South Korea -1.39%, India -0.53%, Turkey -0.73%.
• Spain's 10-year bond yield this morning is up 22 bp at 6.54% and Italy's 10-year bond yield is up 11 bp at 5.90% as market doubts grow that Eurozone officials at their summit later this week will accomplish anything more than agreeing on the 130 billion euro growth program that was approved last Friday by the leaders of Germany, France, Italy and Spain. That program is basically just a repackaging of existing EU funds and initiatives. German Chancellor Merkel in the past several days has reiterated her opposition to more aggressive action such as allowing the ESM to directly bail out banks, allowing the ESM to buy sovereign debt, or implementing joint euro bonds. There may be some room for progress, however, on banking union with European bank supervision and possibly movement towards a European-wide deposit insurance program.
• Spain today formally requested a bank bailout but did not specify the exact amount of the request. Spain's consultants last week reported that Spain's banking system needs 52-62 billion euros. The exact amount and terms of the bailout loan will be released on July 9 when Spain and Eurozone officials announce the details of of the loan including the interest rate. Spain's Foreign Minister Jose Manuel Garcia-Margallo said the "The question of whether the money will go directly to the banks or to the state is still open." Spain is holding out hope that the loan can bypass the government somehow and be provided directly to the banks, that seems unlikely based on European bailout rules and the opposition of Germany.
• Greek Prime Minister samaras is expected to be released from the hospital today after having eye surgery over the weekend to repair a detached retina. Mr. Samaras cannot travel this week although he can speak with people on the phone and is due to talk with President Obama later today. Mr. Samaras will miss the EU summit later this week on Thursday and Friday. Meanwhile, Finance Minister-designate Vassilis Rapanos has been the hospital since last Friday after complaining of dizziness. He collapsed before he could be sworn in as finance minister. Outgoing Finance Minister Giorgos Zanias still holds the office until the condition of Mr. Rapanos improves. Troika officials from the EU, ECB and IMF were to have met with Greek government officials today but the meeting was postponed due to illness of the prime minister the finance minister. Foreign Minister Avramopoulos and caretaker Finance Minister Zanias will go to the Eurozone summit later this week to represent Greece.
• The Bank of International Settlements (BIS) said in its annual report released yesterday that central banks are reaching the limit of their ability to boost economic growth. The BIS said, "Both conventionally and unconventionally, accommodative monetary policies are palliatives and have their limits."
  Market Comments
  • Sep E-mini S&Ps this morning are down 9.50 points (-0.72%) on sharply lower European stocks and pessimism about the Eurozone summit to be held later this week on Thursday and Friday. The stock market on Friday closed moderately higher: S&P 500 +0.72%, Dow Jones +0.53%, Nasdaq 100 +1.12%. The U.S. stock market on Friday saw a modest recovery rally after Thursday's sharp sell-off on the late-Thursday Moody's downgrade of 15 global banks. Moody's downgrade turned out to be no worse than the markets had expected and bank stocks on Friday rallied. Stocks continued to be undercut, however, by Thursday's spate of weak global economic news that included the June Philadelphia Fed manufacturing index (down 10.8 points to -16.6), the decline in the June manufacturing PMIs for the Eurozone to 44.8 from May's 45.1 and for Germany to 44.7 from May's 45.2, and the decline in the China HSBC flash manufacturing PMI by 0.3 points to a 1-1/2 year low of 48.1 from May's 48.4. The Chinese HSBC manufacturing PMI has been below 50 for eight straight months.
  • Sep 10-year T-notes this morning are up 11 ticks on increased safe-haven demand with the broad sell-off in global stocks today. Sep 10-year T-note prices on Friday closed mildly lower: TYU2 -11.5, FVU2 -3.5. T-note prices were undercut on Friday by the recovery rally in stocks and slighted reduced safe-haven demand as Europe's top four leaders at least agreed to a 130 billion euro growth pact.
  • The dollar index this morning is trading is up +0.31 points (+0.37%) on increased safe-haven demand. EUR/USD is down -0.72% on the sharp sell-off in European stocks and pessimism about the course of the Eurozone debt crisis with Germany's unwillingness to do more. USD/JPY is down -0.58 (-0.72%). The dollar index on Friday closed little changed: Dollar Index -0.03 (-0.04%), EUR/USD +0.0030 (+0.24%), USD/JPY +0.19 (+0.24%). The dollar index on Friday held its sharp gains seen on Thursday that occurred on increased safe-haven demand with the weak global economic data and the sharp sell-off in stocks. In addition, the dollar index continued to see support as there appears to be little chance that Germany will agree to any major provisions that could help the debt crisis.
  • Aug WTI crude oil prices this morning are down -0.78 (-0.98%) on the stronger dollar and global economic pessimism. However, Aug gasoline is up 0.0021 (+0.09%) on Tropical Storm Debby in the Gulf of Mexico which is disrupting Gulf refinery operations. Tropical Storm Debby is currently moving eastward away from oil rigs. However, 23% of oil output in the Gulf of Mexico has been shut down due to the storm, according to a statement by the U.S. Bureau of Safety and Environmental Enforcement over the weekend. Crude oil and gasoline prices on Friday closed higher: CLQ2 +1.56 (+1.99%), RBQ2 +0.0156 (+0.64%). Crude oil and gasoline prices on Friday rallied moderately on some short-covering after Thursday's sharp sell-off and on the gathering storm in the Gulf of Mexico that promised to disrupt oil rig operations. However, sentiment in the crude oil market remained bearish overall based on last week's spate of weak global economic data and last Wednesday's unexpected 2.86 mln bbl rise in U.S. crude oil inventories to a 22-year high even though the extremely high refinery utilization rate of 91.9% and should be causing a drawdown in oil inventories.
  • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
    Today's U.S. Earnings Reports Earnings reports (sorted by mkt cap): APOL-Apollo (consensus $0.97), FUL-HB Fuller (0.55).
    Global Financial Calendar
    

    Monday 6/25/12
    United States
    0830 ET	Chicago Fed national activity index expected -0.4, Apr 0.11.
    1000 ET	May new home sales expected +0.9% m/m to 346,000, Apr +3.3% to 343,000.
    1030 ET	June Dallas Fed manufacturing activity expected -1, May -5.1.
    1100 ET	USDA weekly grain export inspections.
    1130 ET	Weekly 3-mo and 6-mo T-bill auctions.
    1600 ET	USDA Crop Progress
    Germany
    0200 ET	German July GfK consumer confidence survey expected 5.6, Jun 5.7.
    Japan
    1950 ET	Japan May corporate service price index expected +0.3% y/y, Apr +0.2% y/y.
    CHI
    2200 ET	China May leading economic index (Conference Board).

    Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

3 Large Caps with momentum

This weekend I used Barchart to screen the S & P 500 Large Cap Index stocks to find the 3 with the best technical indicators and found Merck (MRK), Bristol-Myers Squibb (BMY) and Whole Foods Market (WFM)

Merck (MRK)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 7.26% in the last month
• Relative Strength Index 73.04%
• Barchart computes a technical support level at 39.25
• Recently traded at 40.18 with a 50 day moving average of 38.33

Bristol-Myers Squibb (BMY)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 7.71% in the last month
• Relative Strength Index 73.28%
• Barchart computes a technical support level at 34.61
• Recently traded at 35.36 with a 50 day moving average of 33.62

Whole Foods Market ( WFM)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 10.80% in the last month
• Relative Strength Index 65.82%
• Barchart computes a technical support level at 93.17
• Recently traded at 96.27 with a 50 day moving average of 87.93

MaxLinear Inc - MXL - Buy Signals

This weekend I put in a buy order for MaxLinear (MXL) in the Barchart Van Meerten Speculative portfolio:

Barchart technical indicators:

• 24% Barchart technical buy signal
• Trend Spotter buy signal
• Above its and  day moving averages
• 15 new highs and up 21.60% in the last month
• Relative Strength Index 65.29%
• Barchart computes a technical support level at 4.76
• Recenlty traded at 5.01 with a 50 day moving average of 4.67