Seeking Alpha

Jim Van Meerten's  Instablog

Jim Van Meerten
Send Message
Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
My company:
Marketocracy Capital Management
My blog:
Barchart Portfolio Blogs
  • 5 Large Cap Picks 0 comments
    Dec 10, 2012 10:15 AM | about stocks: SWY, SBUX, NBL, MCK, HRB

    This morning I sorted the S & P 500 Large Cap Index to find 5 stocks with great current upward price momentum and found Safeway (NYSE:SWY), Starbucks (NASDAQ:SBUX),Noble Energy (NYSE:NBL), McKesson (NYSE:MCK) and H & R Block (NYSE:HRB):

    Safeway (SWY)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving average
    • 8 new highs and up 10.06% in the last month
    • Relative Strength Index 60.04%
    • Barchart computes a technical support level at 17.43
    • Recently traded at 17.94 with a 50 day moving average of 16.48


    Starbucks (SBUX)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 4 new highs and up 3.53% in the last month
    • Relative Strength Index 66.82%
    • Barchart computes a technical support level at 52.73
    • Recently traded at 53.04 with a 50 day moving average of 49.34


    Noble Energy (NBL)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 10 new highs and up 6.79% in the last month
    • Relative Strength Index 70.62%
    • Barchart computes a technical support level at 97.88
    • Recently traded at 101.47 with a 50 day moving average of 94.74


    McKesson (MCK)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signal
    • Trend spotter buy signal
    • Above its 250, 50 and 100 day moving average
    • 8 new highs and up 7.68% in the last quarter
    • Relative Strength Index 63.30%
    • Barchart computes a technical support level at 94.13
    • Recently traded at 95.16 with a 50 day moving average of 91.64


    H&R Block (HRB)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20,50 and 100 day moving averages
    • 8 new highs and up 4.45% in the last month
    • Relative Strength Index 63.06%
    • Barchart computes a technical support level at 18.03
    • Recently traded at 18.55 with a 50 day moving average of 17.75


    MORE STOCK PICKS

    Stocks: SWY, SBUX, NBL, MCK, HRB
Back To Jim Van Meerten's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.