5 Large Caps for Momentum Investors

One of the best ways to find momentum stocks before others is to screen for new highs over just the last month.  Today I used Barchart to sort the S&P 500 Large Cap Index stocks for those having the most frequent new highs in the last month.  Today's watch list includes:

Cintas (CTAS), International Business Machines (IBM), Assurant (AIZ), Weyerhaeuser (WY), and The Travelers Companies (TRV)

Cintas (CTAS)

Barchart technical indicators:

• 64% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 6.29% in the last month
• Relative Strength Index 67.02%
• Technical support level at 88.81
• Recently traded at 90.14 with a 50 day moving average of 85.33

International Business Machines (IBM)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 11.24% in the last month
• Relative Strength Index 77.49%
• Technical support level at 146.03
• Recently traded at 148.99 with a 50 day moving average of 131.77

Assurant (AIZ)

Barchart technical indicators:

• 8% technical buy signal
• Trend Spotter Hold signal
• Above its 20 and 50 day moving averages
• 16 new highs and up 10.60% in the last month
• Relative Strength Index 60.21%
• Technical support level at 77.51
• Recently traded at 78.21 with a 50 day moving average of 75.49

Weyerhaeuser (WY)

Barchart technical indicators:

• 64% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 28.41% in the last month
• Relative Strength Index 78.46%
• Technical support level at 29.74
• Recently traded at 30.44 with a 50 day moving average of 25.49

The Travelers Companies (TRV)

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 6.34% in the last month
• Relative Strength Index 72.74%
• Technical support level at 114.89
• Recently traded at 116.21 with a 50 day moving average of 108.37