Use access key #2 to skip to page content.

JimVanMeerten (61.60)

3 Mid Caps with Momentum

Recs

1

June 25, 2012 – Comments (0) | RELATED TICKERS: PNM , TWTC , MDC

This is a very choppy market and the only way to find stocks with momentum is to use a good stock screener like Barchart.  Today I used Barchart to screen the Mid Cap S & P 400 stocks to find 3 with charts and technicals that look interesting.  I'd put the following on my watch list:  PNM Resources (PNM), T W Telecom (TWTC) and MDC Holdings (MDC).

PNM Holdings (PNM)
Barchart technical indicators:

96% Barchart technical buy signal

Trend Spotter buy signal

Above its 20, 50 and 100 day moving average

6 new highs and up 3.09% in the last month

Relative Strength Index 60.71%

Barchart computes a technical support level at 18.72

Recently traded at 19.03 with a 50 day moving average of 18.52

T W Telecom (TWTC)
Barchart technical indicators:

88% Barchart technical buy signal

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

10 new highs and up 9.56% in the last month

Relative Strength Index 63.78%

Barchart computes a technical support level at 24.78

Recently traded at 24.84 with a 50 day moving average of 23.01

MDC Holdings (MDC)
Barchart technical indicators:

88% Barchart technical buy signal

Trend Spotter hold signal but rising and looks to cross over to a buy at around 29.84

Above its 20, 50 and 100 day moving average

8 new highs and up 12.81% in the last quarter

Relative Strength Index 56.74%

Barchart computes a technical support level at 28.07

Recently traded at 29.03 with a 50 day moving average of 27.41


0 Comments – Post Your Own

Featured Broker Partners


Advertisement