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JimVanMeerten (67.58)

3 stocks hitting new highs

Recs

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February 18, 2012 – Comments (0) | RELATED TICKERS: BKYF , FRME , SBS

According to Barchart last Friday 973 stocks hit new highs during the last month while only 121 hit new lows.  I screened those to find the 3 with the most consistent momentum and found Bank of Kentucky Financial (BKYF), First Merchants (FRME) and Companhia de Saneamento Basico do Estado de Sao (SBS)

Bank of Kentucky Financial (BKYF)

Barchart technical indicators:

1 - 96% Barchart technical buy signal

2 - Trend Spotter buy signal

3 - Above its 20, 50 and 100 day moving averages

4 - 20 new highs and up 20.71% in 20 sessions

5 - Relative Strength Index 70.89%

6 - Barchart computes a technical support level at 24.81

7 - Recently traded at 25.30 with a 50 day moving average of 22.35

First Merchants (FRME)

Barchart technical indicators:

1 - 100% Barchart technical buy signal

2 - Trend Spotter buy signal

3 - Above its 20, 50 and 100 day moving averages

4 - 20 new highs and up 26.60% in the last 20 session

5 - Relative Strength Index 81.23%

6 - Barchart computes a technical support level at 11.16

7 - Recently traded at 11.39 with a 50 day moving average of 9.35

Companhia de Saneamento Basico do Estado de Sao (SBS)

Barchart technical indicators:

1 - 96% Barchart technical buy signal

2 - Trend Spotter buy signal

3 - Above its 20, 50 and 100 day moving averages

4 - 19 new highs and up 27.01% in 20 sessions

5 - Relative Strength Index at 85.08%

6 - Barchart computes a technical support level at 70.98

7 - Recently traded at 74.96 with a 50 day moving average of 61.16

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