5 Large Caps for Momentum Investors

Today I wanted to find 5 Large Caps that would be of interest for Momentum Investors so I used Barchart to sort the stocks of the S&P 500 Large Cap Index first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more,  The watch list today includes:

Darden Restaurants (DRI), America Tower (AMT), KLA Tencor (KLAC), Reynolds American (RAI) and Amazon.Com (AMZN)

Darden Restaurants (DRI)

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 11.29% in the last month
• Relative Strength Index 73.75%
• Technical support level at 82.96
• Recently traded at 83.34 with a 50 day moving average of 76.07

American Tower (AMT)

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 4.55% in the last month
• Relative Strength Index 75.19%
• Technical support level at 120.30
• Recently traded at 121.18 with a 50 day moving average of 112.22

KLA Tencor (KLAC)

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 6.4% in the last month
• Relative Strength Index 70.55%
• Technical support level at 96.00
• Recently traded at 96.29 with a 50 day moving average of 90.86

Reynolds American (RAI)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 3.71% in the last month
• Relative Strength Index 78.56%
• Technical support level at 62.96
• Recently traded at 63.61 with a 50 day moving average of 61.25

Amazon.Com (AMZN)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 7.85% in the last month
• Relative Strength Index 83.12%
• Technical support level at 895.23
• Recently traded at 941.62 with a 50 day moving average of  848.14