5 Large Caps For Momentum Investors
This morning I wanted to see which large cap stocks were best for Momentum Investors, 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 more. Today's watch list includes:
Bank of America (NYSE:BAC), Regions Financial (NYSE:RF), Assurant (NYSE:AIZ), Torchmark (NYSE:TMK) and NetApp (NASDAQ:NTAP).
Bank of America
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 18 new highs and up 12.84% in the last month
- Relative Strength Index 77.53%
- Technical support level at 15.73
- Recently traded at 16.17 with a 50 day moving average of 14.39
Regions Financial
Barchart technical indicators:
- 80% technical buy signals
- Trend Spotter buy signals
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 10.64% in the last month
- Relative Strength Index 72.58%
- Technical support level at 9.72
- Recently traded at 9.98 with a 50 day moving average of 9.11
Assurant
Barchart technical indicators:
- 100% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 7.88% in the last month
- Relative Strength Index 73.74%
- Technical support level at 88.58
- Recently traded at 89.55 with a 50 day moving average of 85.86
Torchmark
Barchart technical indicators:
- 100% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 4.54% in the last month
- Relative Strength Index 69.47%
- Technical support level at 63.84
- Recently traded at 64.68 with a 50 day moving average of 61.88
NetApp
Barchart technical indicators:
- 80% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 31.27% in the last month
- Relative Strength Index 88.00%
- Technical support level at 33.98
- Recently traded at 34.59 with a 50 day moving average of 27.69
Disclosure: None.
Thanks for sharing