5 Large Caps for Momentum Investors

This morning I wanted to find the 5 Large Cap stocks with the best current momentum.  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: CH Robinson (CHRW), United Continental (UAL), Corning (GLW), Alcoa (AA) and Automatic Data Processing (ADP).

CH Robinson (CHRW)

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 9.79% in the last month
• Relative Strength Index 71.69%
• Technical support level at 73.93
• Recently traded at 74.21 with a 50 day moving average of 70.49

United Continental (UAL)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 25.66% in the last month
• Relative Strength Index 80.65%
• Technical support level at 68.52
• Recently traded at 69.25 with a 50 day moving average of 56.97

Corning (GLW)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 6.70% in the last month
• Relative Strength Index 69.44%
• Technical support level at 24.11
• Recently traded at 24.20 with a 50 day moving average of 23.38

Alcoa (AA)

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 45.71% in the last month
• Relative Strength Index 71.32% 
• Technical support level at 30.44
• Recently traded at 30.86 with a 50 day moving average of 24.12

Automatic Data Processing (ADP)

Barchart technical indicators:

• 80% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 10.80% in the last month
• Relative Strength Index 78.58%
• Technical support level at 96.07
• Recently traded at 96.57 with a 50 day moving average of 37.43