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JimVanMeerten (65.24)

3 High Growth Stocks with Great Technicals

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June 22, 2012 – Comments (0) | RELATED TICKERS: ALGT , NUVA , DG

This morning I tried an experiment I think you'll enjoy.  I used both a fundamental and technical screener to find 3 High Growth stocks that have great technical indicators.  First, I used the Value Linescreener to find the stocks that analysts thought will have at least a 10% increase in revenue, earnings and price.  That narrowed the 1700 stocks in their data base down to 258.  I then entered those into Barchart and sorted for those with the best current technical momentum and found Allegiant Travel Company (ALGT), Nuvasive(NUVA) and Dollar General Corp (DG).  When a stock has very positive projections from the fundamental analysts and great current price momentum how can you miss?


Allegiant Travel Company (ALGT)
Barchart technical indicators

100% Barchart technical buy signal

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

11 new highs and up 11.19% in the last month

Relative Strength Index 67.47%

Barchart computes a technical support level at 68.40

Recently traded at 69.67 with a 50 day moving average of 62.97

Nuvasive (NUVA)
Barchart technical indicators:

96% Barchart technical buy signal

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

9 new highs and up 17.14% in the last month

Relative Strength Index 64.01%

Barchart computes a technical support level at 21.45

Recently traded at 22.42 with a 50 day moving average of 19.26

Dollar General Corp (DG)
Barchart technical indicators:

96% Barchart technical buy signal

Trend spotter buy signal

Above its 20, 50 and 100 day moving averages

14 new highs and up 13.01% in the last month

Relative Strength Index 68.52%

Barchart computes a technical support level at 51.61

Recently traded at 52.38 with a 50 day moving average of 48.04

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