I wanted to find the Mid Cap stocks with great technical buy signals and consistent chart patterns so I used Barchart to sort the S&P 400 Mid Cap Index stocks to find the 5 with the best technical buy signals, then used the Flipchart feature to review the chart patterns.
Today's list includes:
WGL Holdings (NYSE:WGL), Wendy's (NASDAQ:WEN), Vectren (NYSE:VVC), Resmed (NYSE:RMD), RF Micro Devices (RFMD).
WGL Holdings (WGL)
Barchart technical indicators:
96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
8 new highs and up 9.79% in the last month
Relative Strength Index 65.27%
Barchart computes a technical support level at 53.73
Wendy's (WEN)
Barchart technical indicators:
96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
5 new highs and up 3.64% in the last month
Relative Strength Index 62.88%
Barchart computes a technical support level at 8.88
Recently traded at 9.06 with a 50 day moving average of 8.57
Vectren (VVC)
Barchart technical indicators:
96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
7 new highs and up 3.75% in the last month
Relative Strength Index 58.39%
Barchart computes a technical support level at 45.20
Recently traded at 46.25 with a 50 day moving average of 53.36
Resmed (RMD)
Barchart technical indicators:
96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 6.62% in the last month
Relative Strength Index 67.33%
Barchart computes a technical support level at 55.31
Recently traded at 56.85 with a 50 day moving average of 53.36
RF Micro Devices (RFMD)
Barchart technical indicators:
96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 13.55% in the last month
Relative Strength Index 65.56%
Barchart computes a technical support level at 16.06
Recently traded at 16.59 Wit a 50 day moving average of 14.20
