5 Large Caps for Momentum Investors

This morning I wanted to see which large cap stocks were best for Momentum Investors, I used Barchart to sort the S&P 500 Large Cap Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more.  Today's watch list includes:

Bank of America (BAC), Regions Financial (RF), Assurant (AIZ), Torchmark (TMK) and Netapp (NTAP).

Bank of America (BAC)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 12.84% in the last month
• Relative Strength Index 77.53%
• Technical support level at 15.73
• Recently traded at 16.17 with a 50 day moving average of 14.39

Regions Financial (RF)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 10.64% in the last month
• Relative Strength Index 72.58%
• Technical support level at 9.72
• Recently traded at 9.98 with a 50 day moving average of 9.11

Assurant (AIZ)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 7.88% in the last month
• Relative Strength Index 73.74%
• Technical support level at 88.58
• Recently traded at 89.55 with a 50 day moving average of 85.86

Torchmark (TMK)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 4.54% in the last month
• Relative Strength Index 69.47%
• Technical support level at 63.84
• Recently traded at 64.68 with a 50 day moving average of  61.88

Netapp (NTAP)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 31.27% in the last month
• Relative Strength Index 88.00%
• Technical support level at 33.98
• Recently traded at 34.59 with a 50 day moving average of 27.69