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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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Marketocracy Capital Management
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Barchart Portfolio Blogs
  • Large Cap Financial Soar 0 comments
    Jul 15, 2013 10:31 AM | about stocks: CI, USB, HCBK, MTB, PBCT

    Today I used Barchart to sort the S&P 500 Large Cap Index to find the best technical indicators and charts and found the financials still at the top of my list. The list includes Cigna (NYSE:CI), U S Bancorp (NYSE:UBS), Hudson City Bancorp (NASDAQ:HCBK), M&T Bank (NYSE:MT) and People's United Financial(NASDAQ:PBCT):

    Cigna (CI)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 11.44% in the last month
    • Relative Strength Index 73.80%
    • Barchart computes a technical support level at 75.03
    • Recently traded at 75.92 with a 50 day moving average of 69.80


    U S Bancorp (NYSE:USB)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 7.147% in the last month
    • Relative Strength Index 72.99%
    • Barchart computes a technical support level at 36.85%
    • Recently traded at 34.47 with a 50 day moving average of 35.33


    Hudson City Bancorp (HCBK)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 14 new highs and up 17.55% in the last month
    • Relative Strength Index 78.81%
    • Barchart computes a technical support level at 9.56
    • Recently traded at 9.72 with a 50 day moving average of 8.76


    M&T Bank (NYSE:MTB)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 14 new highs and up 15.13% in the last month
    • Relative Strength Index 78.68%
    • Barchart computes a technical support level at 115.83
    • Recently traded at 117.82 with a 50 day moving average of 106.96


    People's United Financial (PBCT)

    (click to enlarge)

    Barchart technical indicators:

     

    • 72% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 14 new highs and up 10.61% in the last month
    • Relative Strength Index 68.44%
    • Barchart computes a technical support level at 14.84
    • Recently traded at 15.19 with a 50 day moving average of 14.19
    Stocks: CI, USB, HCBK, MTB, PBCT
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