Today I wanted to find a great large cap stock for Momentum Investors so I used Barchart to sort the
S&P 500 Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better and
Halliburton (HAL) popped up.
Barchart technical Indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 17.78% in the last month
- Relative Strength Index 70.14
- Technical support level at 45.90
- Recently traded at 48.58 with a 50 day moving average of 44.21
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