5 Great Large Caps

One of the technical indicators that shows stocks with consistent gains is the Weighted Alpha:

The Weighted Alpha indicator allows traders to quickly spot stocks or sectors that have shown a strong rally over the past year and which may continue to rally. A stock whose price has risen over the one-year period will have a positive Weighted Alpha. A stock whose price has not changed in the period will have a small Weighted Alpha and a stock whose price has dropped over the period will have a negative Weighted Alpha.

I used Barchart to sort the S&P 500 Large Cap Stock Index for the stocks with the highest Weighted Alpha and the list includes Best Buy (BBY) 203.01+, Micron Technology (MU) 196.53+, Netflix (NFLX) 169.56+, Delta Airlines (DAL) 168.38 and Gamestop (GME) 150.76+.

Best Buy (BBY)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 200.76 in the last year
• Relative Strength Index 72.47%
• Barchart computes a technical support level at 42.81
• Recently traded at 43.50 with a 50 day moving average of 39.30

Micron Technology (MU)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 71 new highs and up 200.34% in the last year
• Relative Strength Index 55.38%
• Barchart computes a technical support level at 17.33
• Recently traded at 17.53 with a 50 day moving average of 16.69

Netflix (NFLX)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 61 new highs and up 333.55% in the last year
• Relative Strength Index 57.98%
• Barchart computes a technical support level at 320.87
• Recently traded at 339.47 with a 50 day moving average of 312.12

Delta Airlines (DAL)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 65 new highs and up 180.76% in the last year
• Relative Strength Index 77.54%
• Barchart computes a technical support level at 26.63
• Recently traded at 27.40 with a 50 day moving average of 23.72

Gamestop  (GME)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 48 new highs and up 134.15% in the last month
• Relative Strength Index 65.79%
• Barchart computes a technical support level at 54.57
• Recently traded at 55.56 with a 50 day moving average of 51.73