Five Large Cap Stocks With Great Momentum
Today, I wanted to find 5 Large Cap stocks that had great current momentum so 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: Ansys, DR Horton, TE Connectivity, Texas Instruments and Entergy.
Ansys (ANSS)
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 10.12% in the last month
- Relative Strength Index 70.76%
- Technical support level at 131.69
- Recently traded at 132.90 with a 50 day moving average of 126.96
DR Horton (DHI)
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 16.26% in the last month
- Relative Strength Index 85.94%
- Technical support level at 42.85
- Recently traded at 43.63 with a 50 day moving average of 38.56
TE Connectivity (TEL)
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 7.98% in the last month
- Relative Strength Index 70.70%
- Technical support level at 88.39
- Recently traded at 88.48 with a 50 day moving average of 82.90
Texas Instruments (TXN)
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 9.52% in the last month
- Relative Strength Index 77.72%
- Technical support level at 94.42
- Recently traded at 96.24 with a 50 day moving average of 87.27
Entergy (ETR)
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 11.71% in the last month
- Relative Strength Index 78.79%
- Technical support level at 84.98
- Recently traded at 86.87 with a 50 day moving average of 79.86
Disclosure: None.