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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
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  • Only 3 Mid Cap Stocks 0 comments
    Sep 5, 2013 2:11 PM | about stocks: SWKS, UA, COO

    Ok before you all start complaining that I always give you at least 5 stock picks let me just say that Mid Caps are having a hard time so today there will only be 3. They are Skyworks Solutions (NASDAQ:SWKS), Under Armour (NYSE:UA) and Cooper Companies (NYSE:COO).

    Before we get into those 3 stocks let's look at the S&P 400 Mid Cap Index as if it were a stock so you can see why I'm not keen on the Mid Caps this week. First the chart, then the technical indicators:

    (click to enlarge)

    Barchart technical indicators:

     

    • 32% technical sell signals
    • Trend Spotter sell signal
    • Below its 20 and 50 day moving averages
    • 4.95% below its 1 year high
    • Relative Strength Index 46.00%
    • Barchart computes a technical support level at 1,173.00
    • Recently traded at 1199.80 which is below its 50 day moving average of 1212.67


    As you can see this is not positive momentum. Let's look at what I consider the best 3 out of 400:

    Skyworks Solutions (SWKS)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 9 new highs and up 5.48% in the last month
    • Relative Strength Index
    • Barchart computes a technical support level at 25.12
    • Recently traded at 26.00 with a 50 day moving average of 23.73


    Under Armour (UA)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 8 new highs and up 10.03% in the last month
    • Relative Strength Index 68.70%
    • Barchart computes a technical support level at 73.40
    • Recently traded at 76.22 with a 50 day moving average of 67.12


    Cooper Companies (COO)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 8 new high and up 1.92% in the last month
    • Relative Strength Index 65.05%
    • Barchart computes a technical support level at 131.08
    • Recently traded at 132.97 with a 50 day moving average of 127.45
    Stocks: SWKS, UA, COO
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