5 Large Caps for Momentum Investors

Today I used Barchart to sort the S&P 500 Large Cap Index stocks to find stocks with current momentum.  First, I sorted for the most frequent new highs in the last month, then I used the Flipchart feature to review the chart for consistency.  The additions to the watch list are:

Scana (SCG), Pinnacle West Capital (PNW), Stericycle (SRCL), Accenture (ACN), and McDonalds (MCD)

Scana (SCG)

Barchart technical indicators:

• 72% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 5.69% in the last month
• Relative Strength Index 62.35%
• Technical support level at 68.76
• Recently traded at 69.65 with a 50 day moving average of 66.28

Pinnacle West Capital (PNW)

Barchart technical indicators:

• 56% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 7.04% in the last month
• Relative Strength Index 60.57%
• Technical support level at 73.41
• Recently traded at 73.88 with a 50 day moving average of 70.18

Stericycle (SRCL)

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 10.41% in the last month
• Relative Strength Index 72.58%
• Technical support level at 125.61
• Reenlty traded at 126.75 with a 50 day moving average of 116.96

Accenture (ACN)

Barchart technical indicators:

• 56% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 11.17% in the last month
• Relative  Strength Index 69.98%
• Technical support level at 113.14
• Recently traded at 114.50 with a 50 day moving average of 104.38

McDonalds (MCD)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 8.71% in the last month
• Relative Strength Index 72.71%
• Technical support level at 125.79
• Recently traded at 127.06 with a 50 day moving average of 120.85