5 Large Caps For Momentum Investors - April 19, 2016

Today I used Barchart to sort the S&P 500 Large Cap 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. Next I used the Flipchart feature to review the charts for consistency.

Today's watch list includes: Xylem (NYSEARCA: XLY), Zimmer Biomet (NYSE: ZBH), Visa (NYSE: V), Waters (NYSE: WAT), and 3M (NYSE: MMM)

Xylem

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 8.64% in the last month
  • Relative Strength Index 80.14%
  • Technical support level at 41.81
  • Recently traded at 42.88 with a 50 day moving average of 39.10

Zimmer Biomet

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 9.18% in the last month
  • Relative Strength Index 74.74%
  • Technical support level at 112.50
  • Recently traded at 114.23 with a 50 day moving average of 102.27

Visa

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 9.88% in the last month
  • Relative strength Index 71.44%
  • Technical support level at 79.22
  • Recently traded at 81.15 with a 50 day moving average of 74.07

Waters

Barchart technical indicators:

  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above ts 20, 50 and 100 day moving averages
  • 14 new highs and up 5.33% in the last month
  • Relative Strength Index 64.24%
  • Technical support level at 134.00
  • Recently traded at 137.19 with 50 day moving average of 127.34

3M

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 2.80% in the last month
  • Relative Strength Index 71.35%
  • Technical support level at 167.79
  • Recently traded at 169.90 with a 50 day moving average of 161.92

Disclosure: None.

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