Today I used Barchart to find what I think are the 5 best small cap technical buys. I sorted the S&P 600 Small Cap Index stocks first for technical buy signals of 80% or better and then for a Weighted Alpha of 50.00+ or more.

The 5 stocks that made the cut with the highest technical buy signals were CoreSite Realty (NYSE:COR), Universal Insurance Holdings (NYSE:UVE), Bofi Holdings (NASDAQ:BOFI), Digi International (NASDAQ:DGII), Boyd Gaming (NYSE:BYD).

Coresite Realty

Barchart technical indicators:

• 100% BArchart technical buy signals
• 56.00+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 9.83% in the last month
• Relative Strength Index 65.59%
• Barchart computes a technical support level at 52.91
• Recently traded at 54.23 with a 50 day moving average of 50.03

Universal Insurance Holdings

Barchart technical indicators:

• 100% Barchart technical buy signals
• 128.40+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 26.58% in the last month
• Barchart computes a technical support level at 30.30
• Recently traded at 32.41 with a 50 day moving average of 27.52

BOFI Holdings

Barchart technical indicators:

• 100% Barchart technical buy signals
• 109.60+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 19.17% in the last month
• Relative Strength index 3.52%
• Barchart computes a technical support level at 131.38
• Recently traded at 136.63 with a 50 day moving average of 123.28

Digi International

Barchart technical indicators:

• 96% Barchart technical buy signals
• 59.40+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 16.39% in the last month
• Relative Strength Index 67.40%
• Barchart computes a technical support level at 11.63
• Recently traded at 11.66 with a 50 day moving average of 10.40

Boyd Gaming

Barchart technical indicators:

• 96% Barchart technical buy signals
• 84.80+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 10.32% in the last month
• Relative Strength Index 60.52%
• Barchart computes a technical support level at 17.40
• Recently traded at 17.65 with a 50 day moving average of 16.73

Stocks: COR, UVE, BOFI, DGII, BYD