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

Synnex - Barchart's Chart of the Day

Summary:

Synnex (SNX) is the Chart of the Day.  The chart clearly shows a turn around on the price momentum pattern.  In the last month the price advanced in 19 of the last 20 sessions for a gain of 19.22%.

Article:

The Chart of the Day is Synnex (SNX).  As always I go to the new high list and sort for frequency in the last month. Today a turnaround stock floated the top with a Trend Spotter buy and advances in 19 of the last 20 sessions for a gain of 19.22%.

The company is a global IT supply chain services company offering a comprehensive range of services to original equipment manufacturers and software publishers, or (OEMs), and reseller customers worldwide. They offer product distribution, related logistics services and contract assembly. SNX distributes IT systems, peripherals, system components, software and networking equipment for OEM suppliers such as HP, IBM, Intel, Microsoft Corporation and Seagate.

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:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 19 new highs and up 19.22% in the last month
• Relative Strength Index 81.26%
• Barchart computes a technical support level at 41.01
• Recently traded at 42.57 with a 50 day moving average of 36.33

Fundamental factors:

• Market Cap $1.59 billion
• P/E 10.88
• Revenue projected to increase 1.20% this year and another 4.20% next year
• Earnings are estimated to be down 4.80% this year but grow by 11.10% next year and continue to increase at the annual rate of 10.55% for he next 5 years.
• Wall Street analysts issued 5 buy and 1 hold recommendation
• Financial Strength B+

Since this stock has been up and down over the year I suggest you adhere to a strict exit discipline of selling if the stock trades below its 50 day moving average.