Momentum investors look for current upward price momentum. Today I used Barchart to sort the S&P 500 Large Cap Index stocks for the most new highs in the last 20 trading sessions. Today’s list includes Total Systems Services (NYSE:TSS), Applied Materials (NASDAQ:AMAT), Quanta Services (NYSE:PWR), Torchmark (NYSE:TMK) and Thermo Fisher Scientific (NYSE:TMO).
Total Systems Services
Barchart technical indicators:
96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 6.14% in the last month
Relative Strength Index 69.36%
Barchart computes a technical support level at 55.53
Recently traded at 55.98 with a 50 day moving average of 50.98
Applied Materials
Barchart technical indicators:
80% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 13.26% in the last month
Relative Strength Index 80.89%
Barchart computes a technical support level at 18.92
Recently traded at 19.13 with a 50 day moving average of 16.49
Quanta Services
Barchart technical indicators:
16% Barchart technical buy signals
Trend Spotter hold signal
Above its 20 and 50 day moving average but still below its 100 day moving average
12 new highs and up 12.83% in the last month
Relative Strength Index 61.71%
Barchart computes a technical support level at 22.19
Recently traded at 22.60 with a 50 day moving average of 22.21
Torchmark
Barchart technical indicators:
72% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 3.03% in the last month
Relative Strength Index 59.27%
Barchart computes a technical support level at 60.27
Recently traded at 60.80 with a 50 day moving average of 58.54
Thermo Fisher Scientific
Barchart technical indicators:
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