Each week Value Line publishes a list of the 400 Small and Mid Cap stocks they feel have the best chance of relative price appreciation from the 3800 stocks in their data base. I have run these 400 through the Barchart technical indicators to find the stocks with the highest technical buy signals.
Today’s list includes Axcelis Technologies (NASDAQ:ACLS), Ebix Inc (NASDAQ:EBIX), Canadian Solar (NASDAQ:CSIQ), Digital Ally (NASDAQ:DGLY) and FNB Corp (NYSE:FNB).
Axcelis Technologies
Barchart technical indicators:
100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 17.80% in the last month
Relative Strength Index 74.27
Barchart computes a technical support level at 2.98
Recently traded at 3.11 with a 50 day moving average of 2.64
Ebix Inc
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 13.04% in the last month
Relative Strength Index 69.32%
Barchart computes a technical support level at 29.85
Recently traded at 32.55 with a 50 day moving average of 28.91
Canadian Solar
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 11.44% in the last month
Relative Strength Index 64.87%
Barchart computes a technical support level at 37.50
Recently traded at 39.29 with a 50 day moving average of 34.87
Digital Ally
Barchart technical indicators:
100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
4 new highs and up 28.21% in the last month
Relative Strength Index 68.20%
Barchart computes a technical support level at 15.90
Recently traded at 18.36 with a 50 day moving average of 13.75
