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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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Marketocracy capital management
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Barchart Portfolio Blogs
  • 3 Mid Caps With Momentum 0 comments
    Jun 25, 2012 12:08 PM | about stocks: PNM, TWTC, MDC

    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
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