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.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Chee Hin Teh 7 years ago Member's comment

Thanks for sharing