5 Large Caps for Momentum Investors

Today I used Barchart to sort the S&P 500 Large Cap Index stocks to find the ones with the best upside momentum.  First I sorted for the most frequent new highs in the last month and then again for technical buy signals of 80% or more. Next I always use the Flipchart feature to review the charts for consistency.  Today's watch list includes:

Nvidia (NVDA), Tyco International (TYC), Patterson (PDCO), Texas Instruments (TXN) and Hewlett-Packard (HPQ)

Nvidia (NVDA)

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 32.20% in the last month
• Relative Strength Index 78.29%
• Technical support level at 45.44
• Recently traded at 46.72 with a 50 day moving average of 39.02

Tyco International (TYC)

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 15.56% in the last month
• Relative Strength Index 79.61%
• Technical support level at 42.89
• Recently traded at 43.50 with a 50 day moving average of 38.87

Patterson (PDCO)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 14.47% in the last month
• Relative Strength Index 71.42%
• Technical support level at 48.84
• Recently traded at 49.30 with a 50 day moving average of 45.44

Texas Instruments (TXN)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 7.83% in the last month
• Relative Strength Index 67.06%
• Technical support level at 60.18
• Recently traded at 61.65 with a 50 day moving average of 58.59

Hewlett-Packard (HPQ)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 18.64% in the last month
• Relative Strength Index 76.54%
• Technical support level at 13.33
• Recently traded at 13.73 with a 50 day moving average of 12.31