Today I wanted to find 5 Large Cap stocks that would be of inter st for Momentum Investors. I used Barchart to sort the S&P 500 Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better. Â
Today’s Watch List includes:Â Essex Properties (ESS), Applied Materials (AMAT), Brown Forman (BF-B), Cognizant Technology Solutions (CTSH) and Electronic Arts (EA)
Essex Properties
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 7.81% in the last month
- Relative Strength Index 79.38%
- Technical support level at 251.92
- Recently traded at 255.35 with a 50 day moving average of 238.62
Applied Materials
Barchart technical indicators:
- 80% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 15.81% in the last month
- Relative Strength Index 64.86%
- Technical support level at 42.99
- Recently traded at 43.88 with a 50 day moving average of 40.03
Brown Forman
Barchart technical indicators:
- 100% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 14.13% in the last month
- Relative Strength Index 84.75%
- Technical support level at 50.90
- Recently traded at 52.51 with a 50 day moving average of 47.28
Cognizant Technology Solutions
Barchart technical indicators:
- 80% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 12.76% in the last month
- Relative Strength Index 77.17%
- Technical support level at 64.19
- Recently traded at 65.22 with a 50 day moving average of 60.03
Electronic Arts
Barchart technical indicators:
- 80% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 20.64% in the last month
- Relative Strength Index 69.97%
- Technical support level at 103.70
- Recently traded at 107.17 with a 50 day moving average of 93.44
