5 Small Caps for Momentum Investors

I have been asked by readers to try to identify momentum stocks as early as possible, so I've reset my screeners to just that last 30 days.  Today I used Barchart to sort the S&P 600 Small Cap Index stocks first for the most frequent new highs in the last month then again for positive short term technical buy signals. Next I used the FlipChart feature to review the charts.  Today's watch list includes:

Contango Oil & Gas (MCF), Applied Industrial Technologies (AIT), Pinnacle Entertainment (PNK), SPX Flow (FLOW) and El Paso Electric (EE)

Contango Oil & Gas (MCF)

Barchart technical indicators:

• 80% short term technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 103.87% in the last month
• Relative Strength Index 73.24%
• Technical support level at 9.85
• Recently traded at 11.60 with a 50 day moving average of 6.97

Applied Industrial Technologies (AIT)

Barchart technical indicators:

• 88% short  term technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 10.97% in the last month
• Relative Strength Index 70.88%
• Technical support level at 41.90
• Recently traded at 42.89 with a 50 day moving average of 39.26

Pinnacle Entertainment (PNK)

Barchart technical indicators:

• 80% short term technical buy signals
• Trend Spotter buy signal
• Above  its 20, 50 and 100 day moving averages
• 14 new highs and up 15.89% in the last month
• Relative Strength Index 72.45%
• Technical support level at 33.18 with a 50 day moving average of 29.79

SPX Flow (FLOW)

Barchart technical indicators:

• 60% short term technical buy signals
• Trend Spotter buy signal
• Above its 20, and 50 day moving averages
• 14 new highs and up 29.28% in the last month
• Relative Strength index 61.06%
• Technical support level at 23.54
• Recently traded at 24.99 with a 50 day moving average of 21.15

El Paso Electric (EE)

Barchart technical indicators:

• 80% short term technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 9.74% in the last month
• Relative Strength Index 69.15%
• Technical support level at 43.41
• Recently traded at 44.50 with a 50 day moving average of 41.27