5 Mid Caps for Momentum Investors

This morning I wanted to find some Mid Cap stocks with superior momentum so I used Barchart to sort the S&P 400 Mid Cap Index stocks first by the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better.  Then I used the Flipchart function to review the charts for consistency.  There were 3 repeats from my last Mid Cap post of 7/7.  Stock on the Watch List include:

Education Realty Trust (EDR), Tanger Factory Outlet Centers (SKT), Camden Property Trust (CPT), Senior Housing Properties Trust (SNH) and Murphy USA (MUSA)

Education Realty Trust (EDR)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 10 day moving averages
• 17 new highs and up 9.15% in the last month
• Relative Strength Index 74.28%
• Technical support level at 46.13
• Recently traded at 46.88 with a 50 day moving average of 43.33

Tanger Factory Outlet Centers (SKT)

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 12.48% in the last month
• Relative Strength Index 86.93%
• Technical support level at 41.39
• Recently traded at 41.72 with a 50 day moving average of 37.18

Camden Property Trust (CPT)

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 10.45% in the last month
• Relative Strength Index of 72.47%
• Technical support level at 89.41
• Recently traded at 90.14 with a 50 day moving average of 85.08

Senior Housing Properties Trust (SNH)

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 15.60% in the last month
• Relative Strength Index 78.39%
• Technical support level at 21.70
• Recently traded at 22.01 with a 50 day moving average of 19.45

Murphy USA (MUSA)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 9.47% in the last month
• Relative Strength Index 68.02%
• Technical support level at 74.67
• Recently traded at 75.52 with a 50 day moving average of 69.11