5 Mid Caps for Momentum Investors

Today I used Barchart to sort the S&P 400 Mid Cap Index stocks to find the 5 best Momentum picks.  First I sorted for the most frequent new highs in the last month, then again for technical buy signals of 80% or better.  Next I used the Flipchart feature to review the charts for consistency.  Today's watch list includes:

CDK Global (CDK), Manhattan Associates (MANH), Clear Harbors (CLH), Communication Sales & Leasing (CSAL) and Bio-Techne (TECK)

CDK Global (CDK)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 13.47% in the last month
• Relative Strength Index 85.34%
• Technical support level at 56.23
• Recently traded at 56.88 with a 50 day moving average of 50.22

Manhattan Associates (MANH)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 16.05% in the last month
• Relative Strength Index 75.24%
• Technical support level at 66.20
• Recently traded at 68.17 with a 50 day moving average of 61.44

Clear Harbors (CLH)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 13.30% in the last month
• Relative Strength Index 76.65%
• Technical support level at 52.83
• Recently traded at 53.95 with a 50 day moving average of 49.45

Communications Sales & Leasing (CSAL)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 13.82% in the last month
• Relative Strength Index 80.76%
• Technical support level at 25.79
• Recently traded at 26.68 with a 50 day moving average of 23.80

Bio-Techne (TECH)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 12.30% in the last month
• Relative Strength Index 82.14%
• Technical support at 108.33
• Recently traded at 113.77 with a 50 day moving average of 99.73