5 Large Caps For Momentum Investors - October 3, 2016

This morning I wanted to find 5 Large Cap stocks for Momentum Investors. 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: CSX (NYSE:CSX), Illumina (NASDAQ:ILMN), Hewlett-Packard (NYSE:HPQ), Intuitive Surgical (NASDAQ:ISRG) and Corning (NYSE:GLW)

CSX

(Click on image to enlarge)

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100-day moving averages
  • 11 new highs and up 7.89% in the last month
  • Relative Strength Index 67.2%
  • Technical support level at 29.79
  • Recently traded at 30.37 with a 50 day moving average of 28.68

Illumina

(Click on image to enlarge)

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100-day moving averages
  • 11 new highs and up 7.83% in the last month
  • Relative Strength index 62.80%
  • Technical support level at 174.92
  • Recently traded at 182.38 with a 50 day moving average of 170.43

Hewlett-Packard

(Click on image to enlarge)

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100-day moving averages
  • 10 new highs and up 8.14% in the last month
  • Relative Strength Index 70.61%
  • Technical support level at 15.28
  • Recently traded at 15.66 with a 50 day moving average of 14.52

Intuitive Surgical

(Click on image to enlarge)

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100-day moving averages
  • 10 new highs and up 4.73% in the last month
  • Relative Strength Index 64.06%
  • Technical support level at 713.32
  • Recently traded at 720.95 with a 50 day moving average of 693.56

Corning

(Click on image to enlarge)

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100-day moving averages
  • 10 new highs and up 3.60% in the last month
  • Relative Strength Index 68.59%
  • Technical support level at 23.22
  • Recently traded at 23.67 with a 50 day moving average of 22.70

Disclosure: None.

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