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Technology Stocks : Daily Technical Analysis (Elliotwave)

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From: more1004/20/2016 4:46:30 AM
   of 37
 
5 Large Caps for Momentum Investors --

XYL $ZBH V $WAT MMM

Today I used Barchart to sort the S&P 500 Large Cap Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better, Next I used the Flipchart feature to review the charts for consistency. Today's watch list includes:



Xylem (XLY), Zimmer Biomet (ZBH), Visa (V), Waters (WAT), and 3 M (MMM)





Xylem (XYL)



Barchart technical indicators:

96% technical buy signals

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

14 new highs and up 8.64% in the last month

Relative Strength Index 80.14%

Technical support level at 41.81

Recently traded at 42.88 with a 50 day moving average of 39.10



Zimmer Biomet (ZBH)



Barchart technical indicators:

96% technical buy signals

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

14 new highs and up 9.18% in the last month

Relative Strength Index 74.74%

Technical support level at 112.50

Recently traded at 114.23 with a 50 day moving average of 102.27



Visa (V)



Barchart technical indicators:



80% technical buy signals

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

14 new highs and up 9.88% in the last month

Relative strength Index 71.44%

Technical support level at 79.22

Recently traded at 81.15 with a 50 day moving average of 74.07



Waters (WAT)



Barchart technical indicators:

80% technical buy signals

Trend Spotter buy signal

Above ts 20, 50 and 100 day moving averages

14 new highs and up 5.33% in the last month

Relative Strength Index 64.24%

Technical support level at 134.00

Recently traded at 137.19 with 50 day moving average of 127.34



3M (MMM)



Barchart technical indicators:

96% technical buy signals

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

13 new highs and up 2.80% in the last month

Relative Strength Index 71.35%

Technical support level at 167.79



Recently traded at 169.90 with a 50 day moving average of 161.92
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