Today I wanted to find 5 Mid Cap Stocks that not only made great returns in the last year but still seemed to have some more upside momentum. I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the highest Weighted Alpha, then again for technical buy signals of 80% or more.
Next I used the Flipchart feature to make sure they consistently traded above their 20, 50 and 100 day moving averages.
My watch-list today includes: Take-Two Interactive, IPG Photonics, Cognex, First Solar and NVR.
Take-Two Interactive (TTWO)
Barchart technical indicators:
149.15+ Weighted Alpha
96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 12.32% in the last month
Relative Strength Index 67.54%
Technical support level at 113.61
Recently traded at 115.24 with a 50 day moving average of 103.82
IPG Photonics (IPGP)
Barchart technical indicators:
141.76+ Weighted Alpha
96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 15.42% in the last month
Relative Strength index 73.08%
Technical support level at 214.81
Recently traded at 222.44 with a 50 day moving average of 194.42
Cognex (CGNX)
Barchart technical indicators:
137.52+ Weighted Alpha
96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 16.38% in the last month
Relative Strength Index 79.45%
Technical support level at 133.07
Recently traded at 136.49 with a 50 day moving average of 118.15
First Solar (FSLR)
Barchart technical indicators:
124.11+ Weighted Alpha
96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
8 new highs and up 29.35% in the last month
Relative Strength Index 68.48%
Technical support level at 59.88
Recently traded at 61.71 with a 50 day moving average of 50.30
