5 Small Caps For Momentum Investors - April 13, 2016

Today I used Barchart to sort the S&P 600 Small Cap Index stocks for the most frequent new highs in the last month then I used the Flipchart feature to review the charts for consistency. The watch list additions are: Pinnacle Entertainment (PNK), SPX Corp (SPXC), TREX Company (TREX), Government Properties Income Trust (GOV) and Surgical Care Affiliates (SCAI)

Pinnacle Entertainment

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above ts 20, 50 and 100 day moving averages
  • 15 new highs and up 17.54% in the last month
  • Relative Strength Index 76.79%
  • Technical support level at 35.03
  • Recently traded at 36.98 with a 50 day moving average of 31.33

SPX Corp.

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above ts 20, 50 and 100 day moving averages
  • 15 new highs and up 21.83% in the last month
  • Relative Strength Index 77.27%
  • Technical support level at 15.77
  • Recently traded at 16.16 with a 50 day moving average of 12.41

TREX Company

Barchart technical indicators:

  • 72% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 13.92% in the last month
  • Relative Strength Index 67.50%
  • Technical support level at 47.29
  • Recently traded at 48.90 with a 50 day moving average of 42.33

Government Properties Income Trust

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 12.47% in the last month
  • Relative Strength Index 72.57%
  • Technical support level at 17.82
  • Recently traded at 18.17 with a 50 day moving average of 15.68

Surgical Care Affiliates

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 12.32% in the last month
  • Relative Strength Index 66.56%
  • Technical support level at 45.59
  • Recently traded at 47.69 with a 50 day moving average of 43.01

Disclosure: None.

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