I wanted to find the 5 large cap stocks that had the most consistent upward momentum this past month. I used Barchart to sort the S&P 500 Large Cap stock index to find the stocks that had the most frequent new highs in the last month.
The stocks making the cut are:
Sherwin-Williams (NYSE:SHW),
Lowe’s(NYSE:LOW),
Omnicom Group (NYSE:OMC),
Red Hat (NYSE:RHT) and
Archer Daniels Midland(NYSE:ADM):
Sherwin-Williams (SHW)
Barchart technical indicators:
96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 5.79% in the last month
Relative Strength Index 73.31%
Barchart computes a technical support level at 238.34
Recently traded at 242.05 with a 50 day moving average of 224.54
Lowe’s (LOW)
Barchart technical indicators:
100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 15.13% in the last month
Relative Strength Index 85.76%
Barchatt computes a technical support level at 62.00
Recently traded at 63.62 with a 50 day moving average of 55.53
Omnicom Group (OMC)
Barchart technical indicators:
80% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 8.29% in the last month
Relative Strength Index 76.35%
Barchart computes a technical support level at 74.49
Recently traded at 76.13 with a 50 day moving average of 70.12
Red Hat (RHT)
Barchart technical indicators:
48% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 11.19% in the last month
Relative Strength Index 64.55%
Barchart computes a technical support level at 60.76
Recently traded at 62.30 with a 50 day moving average of 58.35
