Monday, July 16, 2012

3 Large Caps with Momentum

This morning I used Barchart to screen the S & P 500 Large Cap Index stocks to find the 3 with the most steady momentum and found Wells Fargo (WFC), Visa (V), and Urban Outfitters (URBN) .  These are hourly trading charts for the last month:

Wells Fargo (WFC)


Barchart technical indicators:
  • 88% Barhcart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 6 new highs and up 5.02% in the last month
  • Relative Strength Index 62.78%
  • Barchart computes a technical support level at 32.21
  • Recently traded at 34.14 with a 50 day moving average of 32.30
Visa (V)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above  its 20, 50 and 100 day moving averages
  • 9 new highs and up 8.32% in the last month
  • Relative Strength Index 62.32%
  • Barchart computes a technical support level at 121.14
  • Recently traded at 128.96 with a 50 day moving average of 119.48
Urban Outfitters (URBN)


Barchart technical indicators:
  • 72% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 4 new highs and up 5.38% in the last month
  • Relative Strength Index 60.88%
  • Barchart computes a technical support level at 27.97
  • Recently traded at 29.00 with a 50 day moving average of 27.50









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