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5 Mid Caps For Momentum Investors

|Includes: AHL, AMC Networks Inc. (AMCX), HII, PNM, TKR

I wanted to find 5 Mid Caps with great current momentum so I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. Today's Watch List includes:

AMC Networks (NASDAQ:AMCX), PNM Resources (NYSE:PNM), Timken (NYSE:TKR), Aspen Insurance (NYSE:AHL) and Huntington Ingalls Industries (NYSE:HII).

AMC Networks

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 7.60% in the last month
  • Relative Strength Index 63.99%
  • Technical support level at 55.24
  • Recently traded at 56.18 with a 50 day moving average of 52.94


PNM Resources

Barchart technical indicators:

 

  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 4.77%
  • Relative Strength Index 61.07%
  • Technical support level at 33.88
  • Recently traded at 34.62 with a 50 day moving average of 32.95


Timken

Barchart technical indicators:

 

  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 9.92% in the last month
  • Relative Strength Index 71.75%
  • Technical support level at 41.55%
  • Recently traded at 43.10 with a 50 day moving average of 52.51


Aspen Insurance

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 4.67% in the last month
  • Relative Strength Index 67.26%
  • Technical support level at 55.13
  • Recently traded at 55.98 with a 50 day moving average of 52.51


Huntington Ingalls Industries (HII)

Barchart technical indicators:

 

  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 4.51% in the last month
  • Relative Strength Index 58.24%
  • Technical support level at 189.65
  • Recently traded at 191.15 with a 50 day moving average of 178.01