JimVanMeerten (47.71)

3 Large Caps with Momentum

June 24, 2012 – Comments (0) | RELATED TICKERS: MRK , BMY , WFM

This weekend I used Barchart to screen the S & P 500 Large Cap Index stocks to find the 3 with the best technical indicators and found Merck (MRK), Bristol-Myers Squibb (BMY) and Whole FoodsMarket (WFM)

Merck (MRK)
Barchart technical indicators:

100% Barchart technical buy signal

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

15 new highs and up 7.26% in the last month

Relative Strength Index 73.04%

Barchart computes a technical support level at 39.25

Recently traded at 40.18 with a 50 day moving average of 38.33

Bristol-Myers Squibb (BMY)
Barchart technical indicators:

100% Barchart technical buy signal

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

15 new highs and up 7.71% in the last month

Relative Strength Index 73.28%

Barchart computes a technical support level at 34.61

Recently traded at 35.36 with a 50 day moving average of 33.62

Whole Foods Market ( WFM)
Barchart technical indicators:

96% Barchart technical buy signal

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

13 new highs and up 10.80% in the last month

Relative Strength Index 65.82%

Barchart computes a technical support level at 93.17

Recently traded at 96.27 with a 50 day moving average of 87.93