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Technical indicators add another dimension to the classic approach of fundamental analysis in choosing among stocks. One such indicator is the "golden cross," in which a stock's 50-day moving average crosses above its 200-day MA, signaling recent upside momentum that may persist.

We ran a screen on stocks recently exhibiting the golden cross for those seeing significant net institutional purchases over the current quarter.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these stocks will continue moving higher? Use this list as a starting-off point for your own analysis.

List sorted by net institutional purchases as a percent of share float:

1. Kennedy-Wilson Holdings, Inc. (NYSE:KW): Operates as a diversified real estate company that provides investment and real estate services in the United States and Japan. Market cap of $536.94M. SMA50 at $11.22 vs. SMA200 at $11.17 (current price at $11.94). Net institutional shares purchased over the current quarter at 5.2M, which is 23.32% of the company's 22.30M share float. The stock has had a good month, gaining 12.01%.

2. Tesla Motors, Inc. (NASDAQ:TSLA): Designs, develops, manufactures, and sells electric vehicles and advanced electric vehicle powertrain components. Market cap of $3.25B. SMA50 at $26.29 vs. SMA200 at $26.04 (current price at $31.27). Net institutional shares purchased over the current quarter at 11.3M, which is 20.55% of the company's 54.99M share float. The stock is a short squeeze candidate, with a short float at 42.06% (equivalent to 23.1 days of average volume). The stock has had a couple of great days, gaining 6.47% over the last week.

3. The Hain Celestial Group, Inc. (NASDAQ:HAIN): Manufactures, markets, distributes, and sells natural and organic food, and personal care products in the United States and internationally. Market cap of $1.47B. SMA50 at $31.55 vs. SMA200 at $31.54 (current price at $33.28). Net institutional shares purchased over the current quarter at 6.0M, which is 16.6% of the company's 36.16M share float. The stock is a short squeeze candidate, with a short float at 6.34% (equivalent to 6.61 days of average volume). The stock has had a good month, gaining 11.23%.

4. CBOE Holdings, Inc. (NASDAQ:CBOE): Intends to operate as the holding company for Chicago Board Options Exchange (CBOE), which operates as an organized marketplace for the trade of standardized, listed options on equity securities. Market cap of $2.51B. SMA50 at $25.74 vs. SMA200 at $25.47 (current price at $27.69). Net institutional shares purchased over the current quarter at 12.8M, which is 14.60% of the company's 87.69M share float. The stock has had a couple of great days, gaining 5.97% over the last week.

5. Motorola Solutions, Inc. (NYSE:MSI): Provides business and mission critical communication products and services for enterprise and government customers worldwide. Market cap of $14.90B. SMA50 at $43.43 vs. SMA200 at $43.03 (current price at $45.78). Net institutional shares purchased over the current quarter at 32.3M, which is 12.33% of the company's 261.88M share float. The stock has gained 37.89% over the last year.

6. WD-40 Company (NASDAQ:WDFC): Engages in the production and sale of consumer products. Market cap of $692.98M. SMA50 at $41.10 vs. SMA200 at $40.79 (current price at $43.42). Net institutional shares purchased over the current quarter at 1.8M, which is 11.98% of the company's 15.02M share float. The stock is a short squeeze candidate, with a short float at 5.16% (equivalent to 9.09 days of average volume). The stock has gained 15.88% over the last year.

7. Asbury Automotive Group, Inc. (NYSE:ABG): Operates as an automotive retailer in the United States. Market cap of $584.57M. SMA50 at $18.39 vs. SMA200 at $18.12 (current price at $18.40). Net institutional shares purchased over the current quarter at 1.9M, which is 10.50% of the company's 18.09M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.7). Might be undervalued at current levels, with a PEG ratio at 0.67, and P/FCF ratio at 12.68. The stock is a short squeeze candidate, with a short float at 12.79% (equivalent to 8.17 days of average volume). The stock has gained 14.93% over the last year.

8. Hibbett Sports, Inc. (NASDAQ:HIBB): Operate sporting goods stores in small to mid-sized markets primarily in the southeast, southwest, Mid-Atlantic, and the Midwest regions of the United States. Market cap of $1.17B. SMA50 at $36.96 vs. SMA200 at $36.42 (current price at $43.51). Net institutional shares purchased over the current quarter at 2.3M, which is 8.62% of the company's 26.67M share float. The stock is a short squeeze candidate, with a short float at 20.96% (equivalent to 13.78 days of average volume). The stock has had a couple of great days, gaining 5.63% over the last week.

9. Express Inc. (NYSE:EXPR): Operates specialty retail stores in the United States. Market cap of $2.04B. SMA50 at $20.80 vs. SMA200 at $20.27 (current price at $23.04). Net institutional shares purchased over the current quarter at 1.9M, which is 5.52% of the company's 34.41M share float. The stock has gained 58.13% over the last year.

10. Black Diamond, Inc. (NASDAQ:BDE): Develops, manufactures, and distributes outdoor recreation equipment and active lifestyle products in the United States and internationally. Market cap of $189.09M. SMA50 at $7.59 vs. SMA200 at $7.47 (current price at $8.69). Net institutional shares purchased over the current quarter at 1.0M, which is 9.12% of the company's 10.96M share float. The stock has had a good month, gaining 28.74%.

11. Immunogen Inc. (NASDAQ:IMGN): Engages in the research and development of antibody-based anticancer therapeutics in the United States. Market cap of $1.01B. SMA50 at $11.69 vs. SMA200 at $11.28 (current price at $13.21). Net institutional shares purchased over the current quarter at 6.9M, which is 9.09% of the company's 75.89M share float. The stock is a short squeeze candidate, with a short float at 7.69% (equivalent to 7.14 days of average volume). The stock has had a good month, gaining 23%.

12. Sanderson Farms, Inc. (NASDAQ:SAFM): Engages in the production, processing, marketing, and distribution of fresh, frozen, processed, and prepared chicken products. Market cap of $1.08B. SMA50 at $45.00 vs. SMA200 at $44.39 (current price at $48.89). Net institutional shares purchased over the current quarter at 1.3M, which is 7.99% of the company's 16.27M share float. The stock is a short squeeze candidate, with a short float at 20.57% (equivalent to 11.34 days of average volume). The stock has gained 15.47% over the last year.

13. Life Time Fitness Inc. (NYSE:LTM): Designs, builds, and operates sports and athletic, professional fitness, and family recreation and spa centers in the United States. Market cap of $1.81B. SMA50 at $39.10 vs. SMA200 at $38.36 (current price at $42.66). Net institutional shares purchased over the current quarter at 2.9M, which is 7.76% of the company's 37.35M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.18). The stock is a short squeeze candidate, with a short float at 21.97% (equivalent to 17.22 days of average volume). The stock has had a good month, gaining 10.66%.

14. IntercontinentalExchange, Inc. (NYSE:ICE): Operates regulated futures exchanges, clearing houses, and over-the-counter (OTC) markets for commodities and derivative financial products. Market cap of $9.06B. SMA50 at $122.12 vs. SMA200 at $121.43 (current price at $124.73). Net institutional shares purchased over the current quarter at 4.2M, which is 5.95% of the company's 70.55M share float. The stock has gained 6.31% over the last year.

15. Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI): A commercial-stage biotechnology company, primarily focuses on oncology and hematology. Market cap of $686.05M. SMA50 at $8.70 vs. SMA200 at $8.53 (current price at $11.95). Net institutional shares purchased over the current quarter at 2.9M, which is 5.73% of the company's 50.57M share float. The stock is a short squeeze candidate, with a short float at 12.4% (equivalent to 6.06 days of average volume). The stock has had a couple of great days, gaining 7.75% over the last week.

16. ValueClick, Inc. (VCLK): Provides performance-based online advertising campaigns and programs primarily in the United States and the United Kingdom. Market cap of $1.35B. SMA50 at $16.35 vs. SMA200 at $16.05 (current price at $17.01). Net institutional shares purchased over the current quarter at 4.2M, which is 5.6% of the company's 75.00M share float. The stock is a short squeeze candidate, with a short float at 12.27% (equivalent to 8.06 days of average volume). The stock has gained 9.67% over the last year.

17. Tesoro Corporation (NYSE:TSO): Engages in refining and marketing petroleum products in the United States. Market cap of $4.16B. SMA50 at $23.65 vs. SMA200 at $23.50 (current price at $28.89). Net institutional shares purchased over the current quarter at 7.7M, which is 5.47% of the company's 140.73M share float. The stock has had a couple of great days, gaining 11.37% over the last week.

18. OraSure Technologies Inc. (NASDAQ:OSUR): Develops, manufactures, markets, and sells oral fluid diagnostic products and specimen collection devices in the United States and internationally. Market cap of $417.54M. SMA50 at $8.26 vs. SMA200 at $7.96 (current price at $8.88). Net institutional shares purchased over the current quarter at 2.4M, which is 5.29% of the company's 45.38M share float. The stock is a short squeeze candidate, with a short float at 5.58% (equivalent to 10.58 days of average volume). The stock has gained 103.2% over the last year.

19. FTI Consulting, Inc. (NYSE:FCN): Operates as a business advisory company worldwide. Market cap of $1.76B. SMA50 at $37.36 vs. SMA200 at $37.06 (current price at $42.39). Net institutional shares purchased over the current quarter at 2.0M, which is 5.02% of the company's 39.86M share float. The stock is a short squeeze candidate, with a short float at 12.87% (equivalent to 8.22 days of average volume). The stock has had a couple of great days, gaining 7.56% over the last week.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 19 Smart-Money Stock Picks Exhibiting The Golden Cross