Today I used Barchart to sort the S&P 500 Large Cap Index stocks to find stocks for momentum investors. First I sorted for the most frequent new highs in the last month then again for positive short term buy signals. Next I used the Flipchart feature to review the charts.
Today’s watch list includes: Oneok (NYSE: OKE), Baxter International (NYSE: BAX), L-3 Communications (NYSE: LLL), Republic Services (NYSE: RSG) and Martin Marietta Materials (NYSE: MLM)
Oneok
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 32.21% in the last month
Relative Strength Index 79.75%
Technical support level at 39.29
Recently traded at 41.98 with a 50 day moving average of 32.60
Baxter International
Barchart technical indicators:
88% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 7.41% in the last month
Relative Strength Index 68.35%
Technical support level at 44.87
Recently traded at 45.85 with a 50 day moving average of 42.45
L-3 Communications
Barchart technical indicators:
72% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 12.17% in the last month
Relative Strength Index 71.20%
Technical support level at 133.05
Recently traded at 135.99 with a 50 day moving average of 123.89
Republic Services
Barchart technical indicators:
88% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 5.37% in the last month
Relative Strength Index 64.10%
Technical support level at 47.99
Recently traded at 48.72 with a 50 day moving average of 47.21
Martin Marietta Materials
Barchart technical indicators:
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