The 5 Best Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index for frequency, then skipped over the stocks that did not have positive gains for the last week and month.  Finally I used the Flipchart feature to find the charts I liked.

Today's list includes Cyberonics (CYBX), Insight Enterprises (NSIT), Arris Group (ARRS), Sonic Corp (SONC) and Super Micro Computers (SMCI):

Cyberonics (CYBX)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 19 new highs and up 22.27% in the last month
• Relative Strength Index 74.17%
• Barchart computes a technical support level at 68.29
• Recently traded at 69.32 with a 50 day moving average of 58.57

Insight Enterprises (NSIT)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 16.16% in the last month
• Relative Strength Index 81.05%
• Barchart computes a technical support level at 23.75
• Recently traded at 24.27 with a 50 day moving average of 21.21

Arris Group (ARRS)

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 23.01% in the last month
• Relative Strength Index 82.89%
• Barchart computes a technical support level at 20.09
• Recently traded at 21.21 with a 50 day moving average of 17.76

Sonic Corp (SONC)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 8.97% in the last month
• Relative Strength Index 73.33%
• Barchart computes a technical support level at 21.14
• Recently traded at 21.14 with a 50 day moving average of 18.92

Super Micro Computers (SMCI)

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 14.42% in the last month
• Relative Strength Index 80.37%
• Barchart computes a technical support level at 15.82%
• Recently traded at 16.50 with a 50 day moving average of 14.39

Cyberonics - Barchart's Chart of the Day

Cyberonics (CYBX) is the Barchart Chart of the Day.  The medical device company has a Trend Spotter buy, a weighted Alpha of 55.50+ and is up 47.84% in just the last 6 months.

The Chart of the Day is Cybernoics (CYBX).  I found the stock by sorting today's New High List for frequency, then used the flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/11 the stock gained 35.36%.

They design, develop and market medical devices for the treatment of epilepsy and other debilitating neurological disorders using a therapy, vagus nerve stimulation. The company's initial target market is epilepsy, the world's second most prevalent neurological disorder, which is characterized by seizures. Vagus nerve stimulation with the Cyberonics NCP System was approved for use as an adjunctive therapy in reducing the frequency of seizures in adults and adolescents with medically refractory partial onset seizures.

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:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 19 new highs and up 25.36% in the last month
• Relative Strength Index 85.28%
• Barchart computes a technical support level at 67.84
• Recently traded at 71.02 with a 50 day moving average of 57.82

Fundamental factors:

• Market Cap $1.94 billion
• P/E 35.98
• Analysts predict revenue will grow by 11.40% this year and another 10.70% next year
• Earnings are estimated to increase 15.50% this year, an additional 14.90% next year and continue to increase by 17.33% annually for the next 5 years
• Wall Street analysts issued 6 strong buy, 2 buy and 2 hold recommendations
• Financial Strength is B+

The stock has been on a fast climb so watch the 50 day moving average to protect your profits

Cyberonics - CYBX - Barchart Chart of the Day

Barchart.coms Chart of the Day - Cyberonics (CYBX)

Barchart Research Team - BC - Tue Sep 18, 4:09PM CDT

The "Chart of the Day" is Cyberonics (CYBX), which showed up on Tuesday's Barchart "All-Time High" list. Cyberonics on Tuesday rallied to a new all-time high of $52.49 and closed +2.62%. TrendSpotter has been long since Aug 17 at $45.07. In recent news on the stock, Piper Jaffray on Aug 29 reiterated its Overweight rating and raised its target to $52 from $44. Canaccord on Aug 29 upgraded Cyberonics to Buy from Hold and raised its target to $56 from $34. Cyberonics on Aug 28 reported fiscal Q1 EPS of 38 cents, above the analyst consensus of 36 cents. Cyberonics, with a market cap of $1.3 billion, develops and sells medical devices.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of 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.

• TrendSpotter: Buy
• Short-Term Indicators: 80% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 96% Buy

---

Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual

---

Chart of the Day Archive
View Past Chart of the Day Reports

Barchart Morning Call 8/28

Barchart Morning Call

BC - 2 hrs 28 mins ago

Overnight Developments

• Sep E-mini S&Ps this morning are trading unchanged while commodity prices are trading mildly lower on balance. The main bearish factor overnight was Japan's downgrade of its economy while the main bullish factor was successful Spanish and Italian bill and bond auctions. European stocks are down -0.49%. Isaac is moving slowly and has yet to turn into a hurricane. Oct crude oil prices this morning are up +0.49% while Oct gasoline is down -0.34%. Sep 10-year T-note prices are up 3 ticks. The dollar index is down -0.20% while EUR/USD is up +0.34%.
• Asian stocks today closed mixed: Japan -0.57%, Hong Kong +0.07%, China +0.46%, Taiwan -1.42%, Australia +0.36%, Singapore -0.15%, South Korea -0.08%, India -0.27%, Turkey +0.80%.
• Spain today conducted a successful bill auction, selling 3.6 billion euros of bills that was above its target amount of 3.5 billion euros. The yield on the 3-month bills of 946% was far below the 2.434% that Spain was forced to pay just a month ago. The yield of 2.026% on the 6-month bills was down sharply from 3.691% at last month's auction. Meanwhile, Italy today sold 3.75 billion euros of zero-coupon and inflation-linked bonds. The 3.064% yield on the zero-coupon bonds was down sharply by almost 2 percentage points from the last auction a month ago. Looking ahead, Italy will sell 9 billion euros of 6-month bills on Wednesday and 7.5 billion euros worth of bonds on Thursday including a 10-year bond.
• Tropical Storm Isaac is expected to reach hurricane force later today and make landfall south of New Orleans early tomorrow morning as a Category 1 hurricane, less than previous expectations of a Category 2 hurricane. The storm has halted 78% of oil production and 48% of natural gas production in the Gulf of Mexico, according to the U.S. Bureau of Safety and Environmental Enforcement. In addition, four refineries in Louisiana have so far closed, representing 4.8% of total U.S. refining capacity or 832,700 barrels per day.
• ECB President Draghi canceled his trip to the Fed's Jackson Hole conference due to a heavy work load over the next week. Mr. Draghi had been scheduled to be on a panel on Saturday at the Jackson Hole conference. The ECB meets next Thursday on Sep 6 and is expected to announce its bond-buying program.
• Firefighters are battling fires for a fourth day at Venezuela's largest refinery. The temporary shut-down of the Amuay refinery will further tighten up U.S. product supplies since that refinery exports refined products to the U.S.
• Japan's Cabinet Office in its monthly report downgraded its assessment of the Japanese economy for the first time in 10 months. The Cabinet Office said that risks include "further slowing down of overseas economies and sharp fluctuations in the financial and capital markets." The report said, "The Japanese economy is on the way to recovery at a moderate pace, partly due to reconstruction demand, while some weak movements are seen recently."
  Market Comments
  • Sep E-mini S&Ps this morning are trading unchanged. The U.S. stock market continues to tread water ahead of this week's full slate of economic reports and Friday's Bernanke speece at Jackson Hole. The U.S. stock market on Monday closed mixed: S&P 500 -0.05%, Dow Jones -0.25%, Nasdaq 100 +0.16%. The Nasdaq 100 index closed higher with help from the 1.9% rally in Apple on its $1 billion patent victory over Samsung and its improved competitive position with the victory relative to Google and other players in the technology space. The S&P 500 index and the Dow were weighed down by the weak Chinese July industrial profit report of -5.4% y/y, the weaker-than-expected German August IFO business climate index of -1.0 point to a 2-1/2 year low of 102.3, and continued worries about global economic growth. Supportive factors for stocks included Chicago Fed President Evans' call for an open-ended QE3 program that buys bonds until unemployment falls for two or three quarters, and the call by Chinese Premier Wen Jiabao for additional growth measures to underpin the Chinese economy in Q3.
  • Sep 10-year T-notes this morning are up 3 ticks as the market continues to hope for Bernanke hints on QE3 on Friday. Sep 10-year T-note futures prices on Monday closed mildly higher: TYU2 +7.5, FVU2 +3.0. Bullish factors included general worries about global economic growth, continued hopes that Fed Chairman Bernanke at his Jackson Hole speech on Friday may provide additional hints about QE3, and worries about the European debt crisis as crunch time is coming in September and October.
  • The dollar index this morning is mildly lower by -0.16 (-0.20%). EUR/USD is up +0.0042 (+0.34%) on the successful Spanish bill and Italian bond auctions today. USD/JPY is down -0.09 (-0.11%) this morning. The dollar index on Monday closed slightly higher: Dollar index +0.09 (+0.11%), EUR/USD -0.0013 (-0.10%), USD/JPY +0.07 (+0.09%). EUR/USD was undercut on Monday by Bundesbank President and ECB Council member Jens Weidmann's comments in a weekend Der Spiegel interview in which he continued to express opposition to the ECB's bond buying plans. EUR/USD was also undercut by the weaker than expected German Aug IFO business climate index, which fell 1.0 point to a new 2-1/2 year low.
  • Oct WTI crude oil prices this morning are up +0.47 (+0.49%) while Oct gasoline is down -0.0100 (-0.34%) as the market continues to adjust to anticipated impacts from Isaac. Oct crude oil and gasoline prices on Monday closed mixed: CLV2 -0.68 (-0.71%), RBU2 +0.0395 (+1.36%). Crude oil closed lower on expectations that Isaac is not large enough to cause any significant long-term damage to oil rig and transportation infrastructure in the Gulf of Mexico. However, gasoline prices rallied on the continued effects of explosion and fire at Venezuela's largest refinergy and on expectations that Isaac will cause a significant refinery shut-downs in the U.S. and likely cause U.S. gasoline inventory conditions to tighten. There is plenty of slack for oil inventories, which are still excessive at 6.3% above the 5-year seasonal average. Product inventories, on the other hand, were already tight going into Tropical Storm Isaac with gasoline inventories 2.5% below the 5-year average and distillate inventories at 17.0% below average. The market consensus for Wednesday's weekly DOE report are for a 2 million barrel decline in oil inventories, a 1.4 million barrel decline in gasoline inventories, a 400,000 barrel climb in distillate inventories, and a 0.3 point drop to 90.9% in the refinery utilization rate.
  • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
    Today's U.S. Earnings Reports Earnings reports (ranked by market cap): SFL-Ship Finance (Consensus $0.42), CYBX-Cybernoics (0.36), SAFM-Sanderson Farms (1.07).
    Global Financial Calendar
    

    Tuesday 8/28/12
    United States
    0745 ET	ICSC (Int'l Council of Shopping Centers) weekly retailer sales.
    0855 ET	Redbook weekly retailer sales.
    0900 ET	S&P/Case-Shiller June Compose 20 home price index expected +0.3% m/m and -0.2% y/y, May +0.91% m/m and -0.66% y/y. Case-Shiller Q2 home price index, Q1 -1.92% y/y.
    1000 ET	U.S. Aug consumer confidence (Conference Board) expected +0.1 to 66.0, July +3.2 to 65.9.
    1000 ET	Richmond Aug Fed manufacturing index expected +6 to -11, July -16 to -17.
    1130 ET	Weekly 4-week T-bill auction.
    1300 ET	Treasury auctions $35 billion 2-year T-notes.
    1630 ET	API weekly U.S. oil statistics.
    Japan
    0100 ET	Japan Aug small business confidence, July 46.6.
    Germany
    0200 ET	German Sep GfK consumer confidence survey expected -0.1 to 5.8, Aug 5.9.
    Euro-Zone
    0400 ET	Eurozone July M3 expected+3.1% 3-mo avg and +3.2% y/y, Jun +3.0% 3-mo avg and +3.2% y/y.
    0700 ET	EU President Herman Van Rompuy meets Spanish Prime Minister Mariano Rajoy in Madrid.

    Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.