5 Mid Cap Picks for Momentum Investors

This morning I used Barchart to sort the S&P Mid Cap 400  Index stocks first for the most frequent new highs in the last month, then again for technical buy signals of 80% or more.  I next used the Flipchart feature to review the charts.

Today's Watch List includes:  MSC Industrial Direct (MSM), Sonoco Products (SON), The Hanover Insurance Group (THG), Olin (OLN) and Hon Industries (HNI)

MSC Industrial Direct (MSM)

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 24.87% in the last month
• Relative Strength Index 80.87%
• Technical support level at 88.24
• Recently traded at 89.16 with a 50 day moving  average of 76.54

Sonoco Products (SON)

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 10.56% in the last month
• Relative Strength Index 76.86%
• Technical support level at 54.67
• Recently traded at 55.21 with a 50 day moving average of 51.76

The Hanover Insurance Group (THG)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 14.67% in the last month
• Relative Strength Index 79.14%
• Technical support level at 86.54
• Recently traded at 87.18 with a 50 day moving average of 79.28

Olin (OLN)

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 16.96% in the last month
• Relative Strength Index 74.64%
• Technical support level at 25.02%
• Recently traded at 25.65 with a 50 day moving average of 22.09

Hon Industries (HNI)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 33.05% in the last month
• Relative Strength Index 75.32%
• Technical support level at 53.21
• Recently traded at 53.67 with a 50 day moving average of 43.14