Monday, October 3, 2016

5 Large Caps for Momentum Investors

This morning I wanted to find 5 Large Cap stocks for Momentum Investors.  I used Barchart to sort the S&P 500 Large Cap Index stocks first for the most frequent new highs in the last month, then again for technical buy signals of 80% or more.  Today's watch list includes:

CSX (CSX), Illumina (ILMN), Hewlett-Packard (HPQ),  Intuitive Surgical (ISRG) and Corning (GLW)


CSX (CSX)


Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 7.89% in the last month
  • Relative Strength Index 67.2%
  • Technical support level at 29.79
  • Recently traded at 30.37 with a 50 day moving average of 28.68
Illumina (ILMN)


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 7.83% in the last month
  • Relative Strength index 62.80%
  • Technical support level at 174.92
  • Recently traded at 182.38 with a 50 day moving average of 170.43


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 8.14% in the last month
  • Relative Strength Index 70.61%
  • Technical support level at 15.28
  • Recently traded at 15.66 with a 50 day moving average of 14.52


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 4.73% in the last month
  • Relative Strength Index 64.06%
  • Technical support level at 713.32
  • Recently traded at 720.95 with a 50 day moving average of 693.56
Corning (GLW)


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 3.60% in the last month
  • Relative Strength Index 68.59%
  • Technical support level at 23.22
  • Recently traded at 23.67 with a 50 day moving average of 22.70

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