The 5 Best Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index to find the stocks that have listed the most frequent new highs in the last month.  I further filtered for those stocks having positive gains for both the last week and last month.  The list includes Infinity Property and Casualty (IPCC), DXP Enterprises (DXPE), Cantel Medical (CMN), Drew Industries (DW), and Globe Specialty Metals (GSM):

Infinity Property and Casualty (IPCC)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 13.30% in the last month
• Relative Strength Index 74.32%
• Barchart computes a technical support level at 67.63
• Recently traded at 69.26 with a 50 day moving average of 63.34

DXP Enterprises (DXPE)

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 9.54% in the last month
• Relative Strength Index 67.73%
• Barchart computes a technical support level at 78.83
• Recently traded at 81.36 with a 50 day moving average of 73.55

Cantel Medical (CMN)

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 22.21% in the last month
• Relative Strength Index 71.25%
• Barchart computes a technical support level at 31.06
• Recently traded at 33.01 with a 50 day moving average of 28.41

Drew Industries (DW)

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 16.24% in the last month
• Relative Strength Index 67.17%
• Barchart computes a technical support level at 47.59
• Recently traded at 48.70 with a 50 day moving average of 43.88

Globe Specialty Metals (GSM)

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 20.61% in the last month
• Relative Strength Index 87.41%
• Barchart computes a technical support level at 16.44
• Recently traded at 17.04 with a 50 day moving average of 14.20

Infinity Property and Casualty - Chart of the Day

Summary:

Infinity Property and Casualty (IPCC) is the Chart of the Day.  The property and casualty insurer has a Trend Spotter buy signal, a Weighted Alpha of 26.00+ and even pays a 1.80% dividend yield.

Article:

The Chart of the Day is Infinity Property and Casualty (IPCC).  I found the stock by sorting the New High List for frequency and then used the flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 9/20 the stock gained 8.50%.

The Birmingham, Alabama insurer provides personal automobile insurance focusing on nonstandard auto insurance throughout the US. Their products are marketed and sold through independent insurance agents and brokers.

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
• 15 new highs and up 12.42% in the last month
• Relative Strength Index 72.83%
• Barchart computes a technical support level at 65.03
• Recently traded at 68.83 with a 50 day moving average of 63.29

Fundamental factors:

• Market Cap $792.92 million
• P/E 61.65
• Dividend yield 1.80%
• Revenue projected to grow 8.10% this year and another 7.60% next year
• Earnings estimated to increase by 6,725.00% this year, an additional 37.70% next year and continue to increase annually by a rate of 9.00% for the next 5 years
• Financial Strength is B+

The stock is on a rebound so use the discipline of exiting if it begins trading below its 50 day moving average.