The 5 Best Mid Caps

Today I used Barchart to sort the S&P 400 Mid Cap Index stocks to find which had the highest technical buy signals.  I then used the Flipchart feature to find the charts I liked.

Today's list includes Dick's Sporting Goods (DKS), American Eagle Outfitters (AEO), The Whitewave Foods Company (WWAV), Webster Financial (WBS) and Thor Industries (THOR):

Dick's Sporting Goods (DKS)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 5.19% in the last month
• Relative Strength Index 64.42%
• Barchart computes a technical support level at 53.02
• Recently traded at 56.08 with a 50 day moving average of 53.09

America Eagle Outfitters (AEO)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 8.13% in the last month
• Relative Strength Index 68.06%
• Barchart computes a technical support level at 14.56
• Recently traded at 16.13 with a 50 day moving average of 14.32

The Whitewave Foods Company (WWAV)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 20.74% in the last month
• Relative Strength Index 75.25%
• Barchart computes a technical support level at 40.53
• Recently traded at 41.69 with a 50 day moving average of 36.04

Webster Financial (WBS)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 8.43% in the last month
• Relative Strength Index 65.51%
• Barchart computes a technical support level at 34.43
• Recently traded at 34.99 with a 50 day moving average of 34.09

Thor Industries (THO)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 5.82% in the last month
• Relative Strength Index 64.66%
• Barchart computes a technical support level at 60.84
• Recently traded at 61.85 with a 50 day moving average of 64.66

If you are interested in how a portfolio of stocks chosen in this manner performs please click on this link and follow the Van Meerten New High portfolio on Marketocracy.

Financials Lead the MidCaps

Today I used Barchart to sort the S&P 400 Mid Cap Index to find the stocks with the best technical indicators and charts.  In the sorted list the Financial sector continued to dominate.  The list includes Bank of Hawaii (BOH), Webster Financial (WBS), Cathay General Bancorp (CATY), Bancosouth (BXS), and Signature Bank (SBNY):

Bank of Hawaii (BOH)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 11.45% in the last month
• Relative Strength Index 69.82%
• Barchart computes a technical support level at 53.85 
• Recently traded at 54.62 with a 50 day moving average of 50.57

Webster Financial (WBS)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 16.04% in the last month
• Relative strength Index 72.93%
• Barchart computes a technical support level at 26.82
• Recently traded at 27.42 with a 50 day moving average of 24.49

Cathay General Bancorp (CATY)

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 17.36% in the last month
• Relative Strength Index 71.12%
• Barchart computes a technical support level at 18.20
• Recently traded at 23.01 with a 50 day moving average of 20.67

Bancosouth (BXS)

Barchart technical indicators:

• 72% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 an d100 day moving averages
• 15 new highs and up 14.02% in the last month
• Relative strength Index 63.09%
• Barchart computes a technical support level at 18.20
• Recently traded at 18.73 with a 50 day moving average of 17.38

Signature Bank (SBNY)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 12.70% in the last month
• Relative Strength Index 74.42%
• Barchart computes a technical support level at 87.88
• Recently traded at 89.09 with a 50 day moving average of 80.10

Financials lead the Mid Caps

Today I used Barchart to sort the S&P 400 Mid Cap Index for the stocks with the best technical indicators and charts.  Just like yesterday, when I sorted the S&P 500 Large Cap Index the Financial Sector floated to the top of the list.  The list today includes Signature Bank (SBNY), Washington Federal (WAFD), Hancock Holding Co (HBHC), Webster Financial (WBS) and  East West Bancorp (EWBC):

Signature Bank (SBNY)

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 15.59% in the last month
• Relative Strength Index 79.81%
• Barchart computes a technical support level at 86.87
• Recently traded at 89.99 with a 50 day moving average of 78.43

Washington Federal (WAFD)

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 21.01% in the last month
• Relative Strength Index 86.27%
• Barchart computes  a technical support level at 20.25
• Recently traded at 20.84 with a 50 day moving average of 17.72

Hancock Holding Co (HBHC)

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 13.96% in the last month
• Relative Strength Index  74.07%
• Barchart computes a technical support level at 31.34
• Recently traded at 31.97 with a 50 day moving average of 28.79

Webster Financial (WBS)

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 13.92% in the last month
• Relative Strength Index 78.38%
• Barchart computes a technical support level at 26.27
• Recently traded at 27.07 with a 50 day moving average of 24.09

East West Bancorp (EWBC)

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 10.32% in the last month
• Relative strength Index 81.25%
• Barchart computes a technical support level at 28.30
• Recently traded at 28.86 with a 50 day moving average of 26.12

Mid Cap Picks

Today I used Barchart to sort the S&P 400 Mid Cap Index to find the stocks with the best technical indicators and charts. My list today includes Webster Financial (WBS), Ann Inc (ANN), East West Bancorp (EWBC), Firstmerit (FMER), Dreamworks Animation (DWA):

Webster Financial (WBS)

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 13.19% in the last month
• Relative Strength Index 73.94%
• Barchart computes a technical support level at 25.34
• Recently traded at 26.38 with a 50 day moving average of 23.79

Ann Inc (ANN)

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 9.58% in the last month
• Relative Strength Index 64.95%
• Barchart computes a technical support level at 32.82
• Recently traded at 33.55 with a 50 day moving average of 30.92

East West Bancorp (EWBC)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 8.08% in the last month
• Relative Strength Index 80.86%
• Barchart computes a technical support level at 27.21
• Recently traded at 28.42 with a 50 day moving average of 25.75

Firstmerit (FMER)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 10.17% in the last month
• Relative Strength Index 72.55%
• Barchart computes  a technical support level at 19.76
• Recently traded at 20.61 with a 50 day moving average of 18.45

Dreamworks Animation (DWA)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 18.42% in the last month
• Relative Strength Index 74.41%
• Barchart computes a technical support level at 25.22
• Recently traded at 26.09 with a 50 day moving average of 22.28

5 Mid Cap Winners

Today I used Barchart to sort the S & P 400 Mid Cap Index to find the stocks with the best Barchart technical indicators and charts. The list today includes Webster Financial Services (WBS),  R R Donnelley and Sons (RRD), Primerica (PRI), Meredith (MDP), Dreamworks Animation (DWA):

Webster Financial Services (WBS):

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 1.55% in the last month
• Relative Strength Index 57.61%
• Barchart computes a technical support level at 24.10
• Recently traded at 24.45 with a 50 day moving average of 23.35

R R Donnelley and Sons (RRD)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 2.56% in the last month
• Relative Strength Index 57.39%
• Barchart computes  a technical support level at 12.61
• Recently traded at 13.22 with a 50 day moving average of 12.50

Primerica (PRI)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 7.81% in the last month
• Relative Strength Index 65.19%
• Barchart computes a technical support level at 36.81
• Recently traded at 37.25 with a 50 day moving average of 34.58

Meredith (MDP)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 5.46% in the last month
• Relative Strength Index 64.88%
• Barchart computes a technical support level at 45.03
• Recently traded at 44.98 with a 50 day moving average of 40.77

Dreanworks Animation (DWA)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 12.43% in the last month
• Relative Strength Index 74.99%
• Barchart computes  a technical support level at 23.93
• Recently traded at 24.74 with a 50 day moving average of 21.36

5 Mid Cap Gems

Today's picks come from using Barchart to sort the S & P 400 Mid Cap Index to find the stocks with the best Barchart technical indicators and charts.  The list includes Alleghany (Y), Cimarex Energy (XEC), VCA Antech (WOOF), WGL Holdings (WGL) and Webster Financial (WBS):

Alleghany (Y)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 2.95% in the last month
• Relative Strength Index 69.14%
• Barchart computes a technical support level at 380.56
• Recently traded at 386.23 with a 50 day moving average of 363.77

Cimarex Energy (XEC)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 7.34% in the last month
• Relative Strength Index 66.93%
• Barchart computes a technical support level at 68.66
• Recently traded at 71.65 with a 50 day moving average of 64.28

VCA Antech (WOOF)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 3.62% in the last month
• Relative Strength Index 68.30%
• Barchart computes a technical support level at 22.42
• Recently traded at 23.16 with a 50 day moving average of 21.93

WGL Holdings (WGL)

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 2.68% in the last month
• Relative Strength Index 66.47%
• Barchart computes a technical support level at 42.70
• Recently traded at 43.26 with a 50 day moving average of 41.20

Webster Financial (WBS)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 3.95% in the last month
• Relative Strength Index 65.57%
• Barchart computes a technical support level at 23.04
• Recently traded at 23.45 with a 50 day moving average of 22.19

Barchart's Morning Call 7/13

Barchart Morning Call

BC - 2 hrs 28 mins ago

Overnight Developments

• Sep E-mini S&Ps are trading +0.36% on higher European stocks (+0.76%) and on hopes for more Chinese stimulus after the slightly weaker-than-expected Chinese Q2 GDP report of +7.6% y/y. The markets were relieved that the Chinese Q2 GDP report was just slightly below expectations of +7.7%. The markets are shaking off Moody's downgrade of Italian debt. Commodity prices are up by an average of 1.0% today. Crude oil is up 1.18%, gold is up 1.19%, copper is up +1.90%, and agricultural commodities are trading mostly higher. The dollar index this morning is little changed. Sep 10-year T-notes are down 0.5 tick.
• Asian stocks today closed mostly higher: Japan +0.05%, Hong Kong +0.35%, China +0.06%, Taiwan -0.37%, Australia +0.35%, Singapore +0.79%, South Korea +1.75%, India -0.11%, Turkey +0.76%.
• JPMorgan Chase this morning restated its Q1 net income downward by $459 million to $4.92 billion from $5.38 billion after saying that losses from the troubled CIO department were larger than earlier thought in Q1 and that traders may have tried to hide the losses. JPMorgan reported Q2 net income of $4.96 billion or $1.21 per share. The CIO trading loss was reported at $4.4 billion, which was a bit larger than market expectations of $4 billion. Q2 earnings excluding accounting adjustments were $1.09 per share.
• China's Q2 real GDP report of +7.6% y/y was slightly weaker than market expectations of +7.7% y/y and was down from +8.1% in Q1. The weak report caused market participants to step up expectations for further growth measures from the Chinese government.
• The other Chinese economic reports released last night either matched or were stronger than market expectations. June retail sales eased to +13.7% y/y from +13.8% in May but was stronger than market expectations of +13.4%. June fixed asset investment (excluding rural) was reported at +20.4% year-to-date, which was up from +20.1% in May and higher than the market consensus of +20.0%. June industrial production eased to +10.5% from +10.7% in May and was in line with market expectations.
• Moody's last night cut Italy's bond rating by two steps to Baa2 from A3 and put the country on negative outlook, saying that a further downgrade is possible. That was just two steps above junk and one step higher than Spain. Italian bond prices fell on the news and the 10-year Italian bond yield rose by 12 bp to 6.01%, moving back above the 6.00% threshold. Italian 5-year credit default swap prices rose by 18 bp to 521 bp today as the cost of insuring against a sovereign default rose. The rating downgrade was made because Italy faces higher funding costs, slower growth, and contagion risk from Greece and Spain. Moody's said, "Italy's near-term economic outlook has deteriorated, as manifest in both weaker growth and higher unemployment, which creates risk of failure to meet fiscal consolidation targets. Failure to meet fiscal targets in turn could weaken market confidence further, raising the risk of a sudden stop in market funding." Italy today was able to successfully sell a range of securities despite the downgrade.
  Market Comments
  • Sep E-mini S&Ps this morning are trading +4.75 points (+0.36%) on higher European stocks (+0.76%) and hopes for additional Chinese stimulus measures. The US stock market on Thursday closed moderately lower: S&P 500 -0.50%, Dow Jones -0.25%, Nasdaq 100 -1.00%. Bearish factors included (1) general worries about global economic growth and about Thursday night's Chinese Q2 GDP report in particular, (2) expectations for a decline in earnings in Q2 as earnings reports start in earnest next week, and (3) carry-over weakness from Wednesday's FOMC minutes in which it was clear that there is little support for QE3 on the Committee.
  • Sep 10-year T-notes this morning are down 0.5 tick with the higher trade in S&Ps. T-note prices on Thursday closed slightly lower: TYU2 +2, FVU2 +0.5. Bullish factors included (1) safe-haven demand tied to the stock market sell-off and the small 5 bp rise in the Spanish bond yield, and (2) the conclusion of the $66 billion Treasury coupon package with Thursday's 30-year bond being sold at a record low of 2.58%.
  • The dollar index this morning is trading slightly lower by -0.027 (-0.03%). EUR/USD is down -0.0011 (-0.09%) and USD/JPY is down -0.02 (-0.03%). The dollar index on Thursday closed mildly higher: Dollar index +0.25 (+0.30%), EUR/USD -0.0036 (-0.29%), USD/JPY -0.45 (-0.56%). The dollar index on Thursday posted a new 2-year high and EUR/USD edged to a new 2-year low. The dollar index rallied on continued safe-haven demand as global stocks fell and as the Spanish 10-year bond yield rose by 5 bp to 6.59%.
  • Aug WTI crude oil prices this morning are up +1.02 (+1.18%) and Aug gasoline is up +0.0072 (+0.26%) on hopes for additional Chinese stimulus measures. Crude oil and gasoline prices on Thursday closed higher: CLQ2 +0.27 (+0.31%), RBQ2 +0.0373 (+1.35%). Bullish factors included (1) carry-over support from Wednesday's news that that U.S. oil inventories fell by more than 4 million barrels for the second consecutive week, suggesting that oil inventories are finally headed lower on a sustained basis due to the high operating rate for U.S. refineries, and (2) the Obama administration's announcement that it is targeting more Iran companies with sanctions that provide a front for weapons and oil sales.
  • 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): WFC-Wells Fargo (Consensus $0.81), JPM-JPMorgan Chase (0.76), WBS-Webster Financial (0.44).
    Global Financial Calendar
    

    Friday 7/13/12
    United States
    0830 ET	June PPI expected -0.4% m/m and +0.2% y/y, May -1.0% m/m and +0.7% y/y. June core PPI expected +0.2% m/m and +2.6% y/y, May +0.2% m/m and +2.7% y/y.
    0955 ET	Early-July U.S. consumer confidence (University of Michigan) expected +0.3 to 73.5, June -6.1 to 73.2.
    1320 ET	Fed's Lockhart speaks on U.S. economy in Jackson, MS.
    Japan
    0030 ET	Japan final-May industrial production, prelim-May -3.1% m/m and +6.2% y/y. Final-May capacity utilization, prelim-May -0.6% m/m.

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