5 Small Caps for Momentum Investors

Today I used Barchart to sort the S&P 600 Small Cap Index stocks to find the 5 with the best current momentum.  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:

California Water Service Group (CWT), Innophos Holdings (IPHS), Allete (ALE), SouthWest Gas (SWX) and Five Below (FIVE)

California Water Service Group (CWT)

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 13.15% in the last month
• Relative Strength Index 72.04%
• Technical support level at 31.48
• Recently traded at 31.93 with a 50 day moving average of 28.98

Innophos Holdings (IPHS)

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 12.74% in the last month
• Relative Strength Index 72.41%
• Technical support level at 40.80
• Recently traded at 41.60 with a 50 day  moving average of 37.65

Allete (ALE)

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 12.14% in the last month
• Relative Strength Index 72.42%
• Technical support level at 60.40
• Recently traded at 61.79 with a 50 day moving average of 57.30

SouthWest Gas (SWX)

Barchart technical indicators:\

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 9.88% in the last month
• Relative Strength Index 72.83%
• Technical support level at 73.22
• Recently traded at 74.76 with a 50 day moving average of 68.53

Five Below (FIVE)

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 19.62% in the last month
• Relative Strength Index 68.05%
• Technical support level at 45.55
• Recently traded at 45.97 with a 50 day moving average of 41.37