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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
My company:
Marketocracy Capital Management
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Barchart Portfolio Blogs
  • Today's 5 Best Large Caps 0 comments
    Mar 3, 2014 1:02 PM | about stocks: PNR, KR, ABT, EMN, LEG

    Today I used Barchart to sort the S&P 500 Large Cap Index to find the stocks hitting the most frequent new highs in the last month. I then skipped the stocks that didn't have positive returns in the last week and month and used the Flipchart feature to review the charts.

    Today's list includes Pentair (NYSE:PNR), Kroger (NYSE:KR), Abbott Laboratories (NYSE:ABT), Eastman Chemical (NYSE:EMN) and Leggett and Platt (NYSE:LEG):

    Pentair (PNR)

    Barchart technical indicators:

     

    • 88% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 17 new highs and up 11.99% in the last month
    • Relative Strength Index 62.66%
    • Barchart computes a technical support level at 79.80%
    • Recently traded at 80.11 with a 50 day moving average of 76.77


    Kroger (KR)

    Barchart technical indicators:

     

    • 48% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 16 new highs and up 17.61% in the last month
    • Relative Strength Index 74.55%
    • Barchart computes a technical support level at 39.53
    • Recently traded 41.57 with a 50 day moving average of 38.24


    Abbott Laboratories (ABT)

    Barchart technical indicators:

     

    • 56% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 16 new highs and up 9.12% in the last month
    • Relative Strength Index 58.27%
    • Barchart computes a technical support level at 39.17
    • Recently traded at 39.04 with a 50 day moving average of 38.24


    Eastman Chemical (EMN)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 16 new highs and up 14.31% in the last month
    • Relative Strength Index 73.77%
    • Barchart computes a technical support level at 85.96
    • Recently traded at 86.58 iwht a 50 day moving average of 79.70


    Legget and Platt (LEG)

    Barchart technical indicators:

     

    • 88% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 16 new highs and up 9.05% in the last month
    • Relative Strength Index 62.56%
    • Barchart computes a support level at 31.56
    • Recently traded at 31.56 with a 50 day moving average of 30.54
    Stocks: PNR, KR, ABT, EMN, LEG
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