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Technology Stocks : Daily Technical Analysis (Elliotwave)

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From: more1003/23/2016 3:19:59 AM
   of 37
 
5 Large Caps for Momentum Investors --



CTAS $IBM AIZ $WY TRV

One of the best ways to find momentum stocks before others is to screen for new highs over just the last month. Today I used Barchart to sort the S&P 500 Large Cap Index stocks for those having the most frequent new highs in the last month. Today's watch list includes:



Cintas (CTAS), International Business Machines (IBM), Assurant (AIZ), Weyerhaeuser (WY), and The Travelers Companies (TRV)



Cintas (CTAS)





Barchart technical indicators:

64% technical buy signals

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

17 new highs and up 6.29% in the last month

Relative Strength Index 67.02%

Technical support level at 88.81

Recently traded at 90.14 with a 50 day moving average of 85.33



International Business Machines (IBM)



Barchart technical indicators:

80% technical buy signals

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

17 new highs and up 11.24% in the last month

Relative Strength Index 77.49%

Technical support level at 146.03

Recently traded at 148.99 with a 50 day moving average of 131.77



Assurant (AIZ)



Barchart technical indicators:

8% technical buy signal

Trend Spotter Hold signal

Above its 20 and 50 day moving averages

16 new highs and up 10.60% in the last month

Relative Strength Index 60.21%

Technical support level at 77.51

Recently traded at 78.21 with a 50 day moving average of 75.49



Weyerhaeuser (WY)



Barchart technical indicators:

64% technical buy signals

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

16 new highs and up 28.41% in the last month

Relative Strength Index 78.46%

Technical support level at 29.74

Recently traded at 30.44 with a 50 day moving average of 25.49



The Travelers Companies (TRV)



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 6.34% in the last month

Relative Strength Index 72.74%

Technical support level at 114.89



Recently traded at 116.21 with a 50 day moving average of 108.37
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