Today I wanted to use Barchart to sort the S&P 600 Small Cap Index stock to find the stocks with both a Weighted Alpha higher than 50.00+ and technical buy signals of 80% or better. There were only 2 - Digi International (DGII) and Pericom Semiconductor (PSEM). However, Pericom is up on a buy out proposal which has already been announced so further upside potential is too speculative.
Let's look at the one I have left:
Digi International (DGII)
Barchart technical indicators:
- 100% Barchart technical buy signals
- 58.37+ Weighted Alpha
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 10 new highs and up 18.09% in the last month
- Relative Strength Index 71.98%
- Barchart computes a technical support level at 11.03
- Recently traded at 11.83 with a 50 day moving average of 10.24