5 Small Caps for Momentum Investors

This morning I wanted to find small cap stocks with great current momentum.  I used Barchart to sort the S&P 600 Small Cap Index stocks first for the highest number of new highs in the last month, then again for technical buy signals of 80% or better.  Today's Watch List includes:

Masimo (MASI), Encore Capital (ECPG), Wabash National (WNC), Scientific Games (SGMS) and Semtech (SMTC)

Masimo (MASI)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 11.17% in the last month
• Relative Strength Index 80.69%
• Technical support level at 74.82
• Recently traded at 75.41 with a 50 day moving average of 67.95

Encore Capital (ECPG)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 15.90% in the last month
• Relative Strength Index 68.62%
• Technical support level at 32.33
• Recently traded at 32.80 with a 50 day moving average of 29.12

Wabash National (WNC)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 31.86% in the last month
• Relative Strength Index 84.61%
• Technical support level at 20.87
• Recently traded at 21.11 with a 50 day moving average of 16.23

Scientific Games (SGMS)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 25.72% in the last month
• Relative Strength Index 82.70%
• Technical support level at 19.28
• Recently traded at 19.55 with a 50 day moving average of 15.66

Semtech (SMTC)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 6.13% in the last month
• Relative Strength Index 59.40%
• Technical support level at 33.27
• Recently traded at 33.75 with a 50 day moving average of 31.89