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3 Mid Caps With Momentum

|Includes:MDC, PNM Resources, Inc. (PNM), TWTC

This is a very choppy market and the only way to find stocks with momentum is to use a good stock screener like Barchart. Today I used Barchart to screen the Mid Cap S & P 400 stocks to find 3 with charts and technicals that look interesting. I'd put the following on my watch list: PNM Resources (NYSE:PNM), T W Telecom (NASDAQ:TWTC) and MDC Holdings (NYSE:MDC).

PNM Holdings (PNM)

Barchart technical indicators:

 

  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 6 new highs and up 3.09% in the last month
  • Relative Strength Index 60.71%
  • Barchart computes a technical support level at 18.72
  • Recently traded at 19.03 with a 50 day moving average of 18.52


T W Telecom (TWTC)

Barchart technical indicators:

 

  • 88% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 9.56% in the last month
  • Relative Strength Index 63.78%
  • Barchart computes a technical support level at 24.78
  • Recently traded at 24.84 with a 50 day moving average of 23.01


MDC Holdings (MDC)

Barchart technical indicators:

 

  • 88% Barchart technical buy signal
  • Trend Spotter hold signal but rising and looks to cross over to a buy at around 29.84
  • Above its 20, 50 and 100 day moving average
  • 8 new highs and up 12.81% in the last quarter
  • Relative Strength Index 56.74%
  • Barchart computes a technical support level at 28.07
  • Recently traded at 29.03 with a 50 day moving average of 27.41
Stocks: PNM, TWTC, MDC