5 Mid Caps for Momentum Investors

Today I wanted to find 5 Mid Cap stocks that would be of interest to Momentum Investors so I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better.  Today's Watch List includes:

Cabot (CBT), Synopsys (SNPS), Energizer (ENR), Steris (STE) and United Therapeutic (UTHR)

Cabot (CBT)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 15.10% in the last month
• Relative Strength Index 76.78%
• Technical support level at 55.43
• Recently traded at 58.29 with a 50 day moving average of  52.90

Synopsys (SNPS)

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 8.29% in the last month
• Relative Strength Index 72.17%
• Technical support level at 62.18
• Recently traded at 63.81 with a 50 day moving average of 60.42

Energizer (ENR)

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 19.42% in the last month
• Relative Strength Index 83.75%
• Technical support level at 51.12
• Recently traded at 63.81 with a 50 day moving average of 60.42

Steris (STE)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 5.68% in the last month
• Relative Strength Index 62.63%
• Technical support level at 71.14%
• Recently traded at 71.20 with a 50 day moving average of 68.41

United Therapeutics (UTHR)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 14.88% in the last month
• Relative Strength Index 70.02%
• Technical support level at 162.23
• Recently traded at 164.33 with a 50 day moving average of 143.74

5 Mid Cap Gems

Today I used Barchart to sort the S & P 400 Mid Cap Index to find 5 stocks with great Barchart technical indicators and charts. The list includes Aqua America (WTR), Westar Energy (WR), Teleflex (TFX), Steris Corp (STE) and Rayonier Inc REIT (RYN):

Aqua America (WTR)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 8.25% in the last month
• Relative Strength Index 79.27%
• Barchart computes a technical support level at 30.75
• Recently traded at 31.50 with a 50 day moving average of 29.04

Westar Energy (WR)

Barchart technical indicators:

• 100% Brachart technical buy signals
• Trend Spotter buy signal
• Above  its 20, 50 and 100 day moving averages
• 10 new highs and up 5.36% in the last month
• Relative Strength Index 76.38%
• Barchart computes a technical support level at 32.72
• Recently traded at 33.23 with a 50 day moving average of 31.26

Teleflex (TFX)

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 6.34% in the last month
• Relative Strength Index 76.82%
• Barchart computes a technical support level at 83.55
• Recently traded at 84.74 with a 50 day moving average of 78.88

Steris Corp (STE)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 6.88% in the last month
• Relative Strength Index 69.78%
• Barchart computes a technical support level at 39.97
• Recently traded at 41.48 with a 50 day moving average of 39.07

Rayonier Inc REIT (RYN)

Barchart 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 6.04% in the last month
• Relative strength Index 68.59%
• Barchart computes a technical support level at 58.41
• Recently traded at 59.39 with a 50 day moving average of 56.08

3 Mid Caps with Momentum

This morning I screened the S&P Mid Cap 400 Stock Index stocks to find the 3 with the best Barchart technical indicators and found Steris Corp (STE), Rock-Tenn (RKT) and Packaging Corporation of America (PKG):

Steris Corp (STE)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 5.10% in the last month
• Relative Strength Index 73.24%
• Barchart computes a technical support level at 35.62
• Recently traded at 36.11 with a 50 day moving average of 33.61

Rock-Tenn (RKT)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 11.52% in the last month
• Relative Strength Index 70.74%
• Barchart computes a technical support level at 70.00
• Recently traded at 73.84 with a 50 day moving average of 64.32

Packaging Coproration of America (PKG)

Barchart technical  indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 New highs and up 10.06% in the last month
• Relative Strength Index 79.78%
• Barchart computes a technical support level at 33.65
• Recently traded at 35.33 with a 50 day moving average of 31.76

Steris Corp - STE - Sell signals

Today I deleted Steris (STE) from the Barchart Van Meerten New High portfolio for negative price trends:

• 80% Barchart short term technical sell signal
• Trend Spotter (tm) sell signal
• Trading below its 20 & 50 day moving averages
• 7.76% off its recent high
• Relative Strength Index 41.19% and falling

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Steris Corp - STE - Added

This morning I added Steris Corp (STE) to the Barchart Van Meerten New High portfolio.  Steris is a leading provider of infection prevention, contamination prevention, and surgical support systems, products, services, and technologies to healthcare, scientific, research, and industrial Customers throughout the world. The Company has over 4,000 Associates (employees) worldwide, including more than 1,200 direct sales, service, and field support personnel. Customer Support facilities are located in major global market centers with manufacturing operations in theUnited States, Canada, Germany, and Finland.

I bought it for price trends but it just might be an Obama Care recipient.

The stock is on a a tear with a 96% Barchart technical buy signal. It was up in 16 of the last 20 session, 5 of the last 5 and up 12.21% in the last month.  It trades around 37.93 and has a Relative Strength Index of 72.59% and rising.

Wall Street analysts approve and have published 5 buy and 2 hold reports.  They predict a 5.50% increase in sales and 11.70% increase in earnings next year with a 10.00% increase in EPS to be expected annually for at least 5 years.

The general investing public as expressed by Motley Fool CAPS members think the stock will beat the market by a vote of 86 to 14 with the more experienced All Stars voting 31 to 1.  Fool notes that of the 10 articles recently written about the company only 1 has been negative.

I bought the stock because:

• 96% Barchart technical buy singal
• 16 new highs and up 12.21% in the last month
• Wall Street predicts double digit increases in EPS for the next 5 years
• Investor sentiment is positive

Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.