CDK Global - Mid Cap for Momentum Investors

Today I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more.  CDK Global  (CDK) was right at the top of the list.

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 16.44% in the last month
• Relative Strength Index 81.35%
• Technical support level at 54.78
• Recently traded at 55.39 with a 50 day moving average of 49.18