5 Large Caps for Momentum Investors

Today I used Barchart to sort the S&P 500 Large Cap Index stocks to find stocks for momentum investors.  First I sorted for the most frequent new highs in the last month then again for positive short term buy signals.  Next I used the Flipchart feature to review the charts.  Today;s watch list includes:

Oneok (OKE), Baxter International (BAX), L-3 Communications (LLL), Republic Services (RSG) and Martin Marietta Materials (MLM)

Oneok (OKE)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 32.21% in the last month
• Relative Strength Index 79.75%
• Technical support level at 39.29
• Recently traded at 41.98 with a 50 day moving average of 32.60

Baxter International (BAX)

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 7.41% in the last month
• Relative Strength Index 68.35%
• Technical support level at 44.87
• Recently traded at 45.85 with a 50 day moving average of 42.45

L-3 Communications (LLL)

Barchart technical indicators:

• 72% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 12.17% in the last month
• Relative Strength Index 71.20%
• Technical support level at 133.05
• Recently traded at 135.99 with a 50 day moving average of 123.89

Republic Services (RSG)

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 5.37% in the last month
• Relative Strength Index 64.10%
• Technical support level at 47.99
• Recently traded at 48.72 with a 50 day moving average of 47.21

Martin Marietta Materials (MLM)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 13.33% in the last month
• Relative Strength Index 72.19%
• Technical support level at 181.06
• Recently traded at 187.13 with a 50 day moving average of 165.23