Tuesday, May 31, 2016

ONEOK - Large Cap Momentum Stock

Today I used Barchart to sort the S&P 500 Large Cap Index stocks first for the most frequent new highs in the last month then again for technical buy signals  of 80% or more.  I always use the Flipchart feature to review the charts for consistency

Barchart technical indicators for ONEOK (OKE):
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 20.19% in the last month
  • Relative Strength Index 72.23%
  • Technical support level at 41.40
  • Recently traded at 43.21 with a 50 day moving average of 35.37

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