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The following is a list of stocks in a new uptrend, as defined by the Average Directional Index, or ADX(14) index. All of these stocks have seen institutional buying over the last 3 months.

To create the list, we started with a universe of stocks in an uptrend that have an ADX(14) value above +20, which signals strengthening upward momentum. We then reduced the size of this universe by only focusing on stocks that have seen institutional investors increase holdings over the last 3 months.

ADX data sourced from Stockcharts.com, institutional data sourced from Reuters (based on values from Friday, October 22).

click for expanded image

The list has been sorted by change in institutional ownership over the last three months.

1. Intersil Holding Corp. (NASDAQ:ISIL): Semiconductors Industry. Market cap of $506M. Daily ADX Line(14) at 21.48. Institutional Investors currently own 134,678,329 shares vs. 129,153,175 shares held 3 months ago (+4.28% change). The stock has lost -5.29% over the last year.

2. WPP Group PLC (NASDAQ:WPPGY): Advertising Industry. Market cap of $14.49B. Daily ADX Line(14) at 20.021. Institutional Investors currently own 5,999,951 shares vs. 5,957,399 shares held 3 months ago (+0.71% change). The stock has gained 26.91% over the last year.

3. Schnitzer Steel Industries, Inc. (NASDAQ:SCHN): Iron & Steel Industry. Market cap of $1.42B. Daily ADX Line(14) at 20.229. Institutional Investors currently own 21,652,614 shares vs. 21,590,861 shares held 3 months ago (+0.29% change). The stock has gained 0.23% over the last year.

4. Iron Mountain, Inc. (NYSE:IRM): Business Services Industry. Market cap of $1.55B. Daily ADX Line(14) at 20.222. Institutional Investors currently own 189,636,755 shares vs. 189,224,869 shares held 3 months ago (+0.22% change). The stock has lost -13.57% over the last year.

5. Precision Castparts Corp. (NYSE:PCP): Construction Industry. Market cap of $19.85B. Daily ADX Line(14) at 20.087. Institutional Investors currently own 128,560,032 shares vs. 128,296,812 shares held 3 months ago (+0.21% change). The stock has gained 35.14% over the last year.

6. Unitedhealth Group, Inc. (NYSE:UNH): Insurance Industry. Market cap of $41.89B. Daily ADX Line(14) at 20.272. Institutional Investors currently own 969,916,642 shares vs. 968,117,617 shares held 3 months ago (+0.19% change). The stock has gained 46.17% over the last year.

7. First Potomac Realty Trust (NYSE:FPO): Real Estate Operations Industry. Market cap of $797M. Daily ADX Line(14) at 22.136. Institutional Investors currently own 31,676,121 shares vs. 31,621,935 shares held 3 months ago (+0.17% change). The stock has gained 49.14% over the last year.

8. Brady Corp. (NYSE:BRC): Security Systems & Services Industry. Market cap of $1.59B. Daily ADX Line(14) at 20.454. Institutional Investors currently own 41,862,645 shares vs. 41,808,827 shares held 3 months ago (+0.13% change). The stock has gained 5.83% over the last year.

9. BT Group plc. (NYSE:BT): Communications Services Industry. Market cap of $18.75B. Daily ADX Line(14) at 20.11. Institutional Investors currently own 5,445,491 shares vs. 5,440,519 shares held 3 months ago (+0.09% change). The stock has gained 8.73% over the last year.

10. eBay, Inc. (NASDAQ:EBAY): Catalog & Mail Order Industry. Market cap of $622M. Daily ADX Line(14) at 21.377. Institutional Investors currently own 1,038,770,899 shares vs. 1,037,962,238 shares held 3 months ago (+0.08% change). The stock has gained 17.10% over the last year.

Disclosure: No positions

Source: 10 Stocks in a New Uptrend Seeing Institutional Buying