5 Great S&P 500 Large Cap Stocks

Today I wanted to find the the large cap stocks with the best current momentum and charts.  I used Barchart first to sort the S&P 500 Large Cap Index stocks having the most frequent new highs in the last month, then I used to Flipchart feature to review the charts.

Today's list includes Kla-Tencor (KLAC), Marriot International (MAR), Southwest Airlines (LUV), General Dynamics (GD), Seagate Technologies (STX):

Kla-Tencor (KLAC)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 8.21% in the last month
• Relative Strength Index 78.91%
• Barchart computes a technical support level at 77.88
• Recently traded at 78.60 with a 50 day moving average of 74.45

Marriot International (MAR)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 8.72% in the last month
• Relative Strength Index 79.28%
• Barchart computes a technical support level at 70.24

Southwest Airlines (LUV)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 16.86% in the last month
• Relative Strength Index 75.91%
• Barchart computes a technical support level at 32.86
• Recently traded at 33.51 with a 50 day moving average of 29.67

General Dynamics (GD)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter by signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 7.43% in the last month
• Relative Strength Index 68.29%
• Barchart computes a technical support level at 125.39%

Seagate Technology (STX)

Barchart technical indicators:

• 32% Barchart technical buy signals
• Trend Spotter buy signal
• Below its 20 day moving average but above its 50 and 100 day moving averages
• 15 new highs and up 604% in the last month
• Relative Strength Index 51.49%
• Barchart computes a technical support level at 59.47
• Recently traded at 60.59 with a 50 day moving average of 59.51

General Dynamics - Barchart's Chart of the Day

General Dynamics (GD) is the Barchart Chart of the Day. The aerospace and defense company has a Trend Spotter buy signal, a Weighted Alpha of 45.00+, gained 48.05% in the last year and paid a 1.99% dividend.

The Chart of the Day is General Dymanics (GD).  I found the stock by sorting the All Time High list for new high frequency in the last month, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 8/18 the stock is up 4.19%.

GD's primary businesses focus is on shipbuilding and marine systems, business aviation, information systems, and land and amphibious combat systems. Each of these businesses involves design, manufacturing and program management expertise, advanced technology, and integration of complex systems. The primary customers for the company's businesses are the United States military, the armed forces of allied nations, other government organizations and a diverse base of corporate and industrial buyers.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 7.77% in the last month
• Relative Strength Index 71.29%
• Barchart computes a technical support level at 125.03
• Recently traded at 126.26 with a 50 day moving average of 119.55

Fundamental factors:

• Market Cap $43.29 billion
• P/E 17.45
• Dividend yield 1.99%
• Revenue expected to decrease by 3.10% this year but increase again by 1.10% next year
• Earning are estimated to increase 7.40% this year, an additional 6.90% next year and continue to increase at an annual rate of 8.08% for the next 5 years
• Wall Street analysts issued 6 strong buy, 8 buy and 7 hold recommendations on the stock,

Maybe thing will heat up again for the defense industry.  Since you never know I'd very strictly use the 50 - 100 day MACD Oscillator to exit this one.