5 Large Caps For Momentum Investors - Wednesday, April 5
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
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
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
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
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
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
Disclosure: None.