5 Large Cap Gems

Today I used Barchart to sort a list of  large cap stocks analysts have predicted will out perform the market for the ones having the most frequent new highs in the last month. The smallest OTTR has a market Cap of $1.18 billion.  Today's list includes Rite Aid (RAD), Otter Tail (OTTR), Benchmark Electronics (BHE), ITC Holdings (ITC) and Sealed Air (SEE):

Rite Aid (RAD)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 36.31% in the last month
• Relative Strength Index 84.09%
• Barchart computes a technical support level at 7.16
• Recently traded at 7.48 with a 50 day moving average of 5.64

Otter Tail (OTTR)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 11.57% in the last month
• Relative Strength Index 76.06%
• Barchart computes a technical support level at 31.11
• Recently traded at 32.07 with a 50 day moving average of 29.89

Benchmark Electronics (BHE)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 8.58% in the last month
• Relative Strength Index 71.13%
• Barchart computes a technical support level at 25.29
• Recently traded at 25.75 with a 50 day moving average of 23.86

ITC Holdings (ITC)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 9.61% in the last month
• Relative Strength Index 74.84%
• Barchart computes a technical support level at 40.40
• Recently traded at 41.44 with a 50 day moving average of 38.95

Sealed Air (SEE)

Barchat technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 9.61% in the last month
• Relative Strength Index 73.50%
• Barchart computes a technical support level at 43.08
• Recently traded at 43.15 with a 50 day moving average of 38.57

Benchmark Electronic - Chart of the Day

Summary:

Benchmark Electronics (BHE) is a confusing stock for a confusing day.  Although analysts don't like the stock it's up 41.55% in the last year.

Article:

Today's Stock of the Day is Benchmark Electronics (BHE) - an NYSE stock.  Today I made sure to stay away from NASDAQ stocks so when I sorted the New High List for frequency I left them off the list. During the last quarter the stock advanced in 29 sessions for a gain of 18.83%

It provides contract electronics manufacturing and design services to original equipment manufacturers in select industries, including medical devices, communications equipment, industrial and business computers, testing instrumentation and industrial controls. They specialize in manufacturing high quality, technologically complex printed circuit board assemblies with computer-automated equipment using surface mount and pin-through-hole interconnection technologies for customers requiring low to medium volume production runs.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 6.92% in the last month
• Relative Strength Index 65.88%
• Barchart computes a technical support level at 22.37
• Recently traded at 23.03 with a 50 day moving average of 21.27

Fundamental factors:

• Market Cap $1.25 billion
• P/E 19.43
• Revenue projected to be down 2.60% this year but up 5.50 next year
• Earnings estimated to be down 1.70% this year, up 18.50% next year and continue to grow by 9.98% annually for the next 5 years
• Wall Street analysts issued 3 hold and 3 sell recommendations
• Financial Strength B+

OK, this is an odd one.  Normally if a stock has projections of rising revenue and earnings plus analysts endorsement it goes up.  Here we have a stock that is going up fine in spite of weak revenue and earnings projection and no buy recommendations from analysts.  If you get in be careful and watch the technicals especially the 50 day moving average and the 14 day turtle channel for technical weaknesses.

5 Small Cap Stars

Today I used Barchart to sort the S&P 600 Small Cap Index to find the stocks with the best technical indicators and charts.  The list includes The Andersons (ANDE), Benchmark Electronics (BHE), Scansource (SCSC), Synnex (SNX) and Encore Capital (ECPG):

The Andersons (ANDE)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 20.19% in the last month
• Relative Strength Index 88.83%
• Barchart computes a technical support level at 65.46
• Recently traded at 66.91 with a 50 day moving average of 56.57

Benchmark Electronics (BHE)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 9.32% in the last month
• Relative Strength Index 76.75% 
• Barchart computes a technical support level at 22.50
• Recently traded at 22.87 with a 50 day moving average of 56.57

Scansource (SCSC)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 9.26% in the last month
• Relative Strength Index 68.24%
• Barchart computes a technical support level at 35.61
• Recently traded at 36.35 with a 50 day moving average of 34.13

Synnex (SNX)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 10.31% in the last month
• Relative Strength Index 81.70%
• Barchart computes a technical support level at 51.04
• Recently traded at 52.01 whit a 50 day moving average of 45.98

Encore Capital (ECPG)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 36.53% in the last month
• Relative Strength Index 84.00%
• Barchart computes a technical support level at 42.91
• Recently traded at 44.97 with a 50 day moving average of 36.44

Benchmark Electronics - BHE - moving up

Today on Barchart's S&P 600 small cap new high list:  Benchmark Electronics (BHE)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 15 new highs and up 24.75% in the last month
• Relative Strength Index 70.79%
• Barchart computes a technical support level at 15.48
• Recently traded at 16.15 with a  day moving average of 13.65