Monday, May 21, 2012

A Good Stock is Hard to Find

In this very choppy market were even FaceBook (FB) can't get a break the only way to find stocks that still have momentum left is to use a good screener like Barchart.com.  This morning I used Barchart to screen the Large Cap S and P 500 stocks to find 3 that were still moving upward.  My search found McCormick (MKC), Verizon Communications (VZ) and AT&T (T).  I've included their hourly trading charts over the last 28 days

McCormick (MKC)


Barchart technical indicators:
  • 56% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 1.91% in the last month
  • Relative Strength Index 59.12%
  • Barchart computes a technical support level at 55.64
  • Recently traded at 56.49 with a 50 day moving average of 54.55
Verizon Communications (VZ)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 7.46% in the last month
  • Relative Strength Index 70.66%
  • Barchart computes a technical support level at 40.88
  • Recently traded at 41.57 with a 50 day moving average of 39.36
AT&T (T)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 9.43% in the last month
  • Relative Strength Index 69.84%
  • Barchart computes a technical support level at 33.21
  • Recently traded at 33.70 with a 50 day moving average of 31.92






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