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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
My company:
Marketocracy Capital Management
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Barchart Portfolio Blogs
  • 5 Mid Caps Still Going Up 0 comments
    Aug 27, 2013 1:30 PM | about stocks: DWA, RGLD, TRN, UA, OCR

    Today I used Barchart to sort the S&P 400 Mid Cap Index to find stocks I still like even in this choppy market. First I sorted the Index for the stocks hitting the most new highs in the last month then panned down the rows to find the stocks that had net gains not only during the last month but also during the last 5 trading sessions.

    The list includes Dreamworks Animation (NASDAQ:DWA), Royal Gold (NASDAQ:RGLD), Trinity Industries (NYSE:TRN), Under Armour (NYSE:UA) and Omnicare (NYSE:OCR):

    Dreamworks Animation (DWA)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 16 new highs and up 20.69% in the last month
    • Relative strength Index 69.50%
    • Barchart computes a technical support level at 29.45
    • Recently traded at 29.46 with a 50 day moving average of 26.26


    Royal Gold (RGLD)

    (click to enlarge)

    Barchart technical indicators:

     

    • 80% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 28.72% in the last month
    • Relative strength Index 70.38%
    • Barchart computes a technical support level at 63.23
    • Recently traded at 64.55 with a 50 day moving average of 49.87


    Trinity Industries (TRN)

    (click to enlarge)

    Barchart technical indicators:

     

    • 80% Barchart technical buy signals
    • Trend Spotter buy signals
    • Above its 20, 50 and 100 day moving averages
    • 11 new highs and up 14.08% in the last month
    • Relative Strength Index 63.19%
    • Barchart computes a technical support level at 42.41
    • Recently traded at 42.50 with a 50 day moving average of 38.78


    Under Armour (UA)

    (click to enlarge)

    Barchart technical indicators:

     

    • 80% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 10 new highs and up 5.73 in the last month
    • Relative strength Index 60.30%
    • Barchart computes a technical support level at 72.67
    • Recently traded at 72.49 with a 50 day moving average of 65.23


    Note: I know the technical support level is above the current trading price -- not sure if this is a glitch in the system but the Trend Spotter support level is at 68.69. This is another reason why I use several indicators and not just one

    Omnicare (OCR)

    (click to enlarge)

    Barchart technical indicators:

     

    • 88% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 9 new highs and up 5.21% in the last month
    • Relative Strength Index 66.73%
    • Barchart computes a technical support level at 55.41
    • Recently traded at 55.80 with a 50 day moving average of 51.41
    Stocks: DWA, RGLD, TRN, UA, OCR
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