5 Solid Large Caps

The whole market including the large cap stocks have taken a hit recently.  As I write this post the majority of the S&P 500 Large Cap Index stocks are trading below their moving averages:

• Only 17.20% are trading above their 20 day moving averages
• Only 22.00% are trading above their 50 day moving averages
• Only 38.40% are trading above their 100 day moving averages

Not a great sign of market confidence is it?

This morning I used Barchart to sort the S&P 500 Large Cap Index stock for the 5 with the best technical buy signals and then used the Flipchart feature to find the charts I liked.  The 5 that are include in today's Van Meerten Stock Picks list are Pepsico (PEP), Kroger (KR), Coca-Cola (KO), Duke Energy (DUK) and Costco Wholesale (COST):

Pepsico (PEP)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 3.12% in the last month
• Relative Strength Index 63.67%
• Barchart computes a technical support level at 92.50
• Recently traded at 94.75 with a 50 day moving average of 92.17

Kroger (KR)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 3.95% in the last month
• Relative Strength Index 64.55%
• Barchart computes a technical support level at 53.00
• Recently traded at 53.95 with a 50 day moving average of 51.32

Coca-Cola (KO)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day  moving averages
• 11 new highs and up 5.45% in the last month
• Relative Strength Index 71.09%
• Barchart computes a technical support level at 43.38
• Recently traded at 44.42 with a 50 day moving average of 41.61

Duke Energy (DUK)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 4.69% in the last month
• Relative Strength Index 66.30%
• Barchart computes a technical support level at 76.18
• Recently traded at 77.55 with a 50 day moving average of 73.51

Costco Wholesale (COST)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 2.16% in the last month
• Relative Strength Index 64.64%
• Barchart computes a technical support level at 126.37

Recently traded at 127.92 with a 50 day moving average of 123.35