During our Tuesday review of sector charts, small-cap stocks stood out as potential out-performers. It was no surprise then when Top Equity News found a number of small-cap ETFs on top of today’s performance leader-board.
- PowerShares S&P SmallCap Utilities (PSCU)
- IQ US Real Estate Small Cap ETF (ROOF)
- PowerShares S&P SmallCap Health Care (PSCH)
Since health care stocks also made our emerging bull list, TEN pulled the sheets back to see which stocks are pushing PSCH higher. The following constituents managed to gain at least 2% on the day.
- AMN Healthcare Services Inc AMN (AHS)
- ArQule, Inc. (ARQL)
- Kensey Nash Corporation (KNSY)
- Cambrex Corporation (CBM)
- Centene Corporation (CNC)
- Salix Pharmaceuticals, Ltd. (SLXP)
- Omnicell, Inc. (OMCL)
- Almost Family Inc (AFAM)
- Savient Pharmaceuticals, Inc (SVNT)
- Questcor Pharmaceuticals, Inc. (QCOR)
- ViroPharma Incorporated (VPHM)
TEN likes the stock charts for CNC, AFAM, SVNT, and maybe ARQL, but our favorite belongs to AHS.
The healthcare staffing and clinical workforce management solutions provider’s stock price recently blasted through its 50 day-moving-average. The upswing pulled AHS’s MACD line above the buy/sell zero line. We also like seeing its 12 and 26-day-moving-averages bullishly bypassing and accelerating away from the 50 day-benchmark.
All of these technical analysis buy signals are occurring with positive volume characteristics. For Top Equity, volume confirming price is essential, and a measure of commitment from buyers. We look for engagement or wedding rings, not friendship bracelets when picking stocks. You should pay attention to it too.
If AMN can get above $5.50 (nearly a 10% gain from here), the stock has a clean shot to $6. If shareholders are fortunate enough to watch shares take out $6, AHS can start the process of closing a gap down from $8.50.
ETF X-Ray: Getting Healthy on Small-Caps is an article from: 
