5 Small Caps for Momentum Investors

This morning I used Barchart to sort the S&P 600 Small 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.  I used the Flipchart feature to review the charts for consistency.  Today's watch list includes:

Ligand Pharmaceuticals (LGND), Kraton Performance Polymers (KRA), Olympic Steel (ZEUS), Vasco Data Security (VDSI) and Examworks (EXAM)

Ligand Pharmaceuticals (LGND)

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 26.19% in the last month
• Relative Strength Index 79.24%
• Technical support level at 125.16
• Recently traded at 129.58 with a 50 day moving average of 105.50

Kraton Performance Polymers (KRA)

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 38.58% in the last month
• Relative Strength Index 80.31%
• Technical support level at 21.75
• Recently traded at 22.01 with a 50 day moving average of 17.34

Olympic Steel (ZEUS)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 23.98% in the last month
• Relative Strength Index 77.97%
• Technical support level at 18.78
• Recently traded at 20.71 with a 50 day moving average of 15.25

Vasco Data Security (VDSI)

Barchatrt technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 an d100 day moving averages
• 15 new highs and up 17.51% in the last month
• Relative Strength Index 72.53%
• Technical support level at 16.87
• Recently traded at 17.34 with a 50 day moving average of 15.25

Examworks (EXAM)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 an d100 day moving averages
• 15 new highs and up 20.05% in the last month
• Relative Strength Index 75.52%
• Technical support level at 33.12
• Recently traded at 33.43 with a 50 day moving average of 29.13