Today I used Barchart to find what I think are the 5 best small cap technical buys. I sorted the S&P 600 Small Cap Index stocks first for technical buy signals of 80% or better and then for a Weighted Alpha of 50.00+ or more.
The 5 stocks that made the cut with the highest technical buy signals were CoreSite Realty (NYSE:COR), Universal Insurance Holdings (NYSE:UVE), Bofi Holdings (NASDAQ:BOFI), Digi International (NASDAQ:DGII), Boyd Gaming (NYSE:BYD).
Coresite Realty
Barchart technical indicators:
100% BArchart technical buy signals
56.00+ Weighted Alpha
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
7 new highs and up 9.83% in the last month
Relative Strength Index 65.59%
Barchart computes a technical support level at 52.91
Recently traded at 54.23 with a 50 day moving average of 50.03
Universal Insurance Holdings
Barchart technical indicators:
100% Barchart technical buy signals
128.40+ Weighted Alpha
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 26.58% in the last month
Barchart computes a technical support level at 30.30
Recently traded at 32.41 with a 50 day moving average of 27.52
BOFI Holdings
Barchart technical indicators:
100% Barchart technical buy signals
109.60+ Weighted Alpha
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 19.17% in the last month
Relative Strength index 3.52%
Barchart computes a technical support level at 131.38
Recently traded at 136.63 with a 50 day moving average of 123.28
Digi International
Barchart technical indicators:
96% Barchart technical buy signals
59.40+ Weighted Alpha
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 16.39% in the last month
Relative Strength Index 67.40%
Barchart computes a technical support level at 11.63
Recently traded at 11.66 with a 50 day moving average of 10.40
