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 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
My blog:
Barchart Portfolio Blogs
  • 5 Large Cap S&P 500 Stocks Moving Up 2 comments
    Mar 19, 2012 2:00 PM | about stocks: ABT, COST, PM, CMG, PCL
    This morning I used Barchart to screen the Large Cap S&P 500 stocks to find the ones with the most steady upward price momentum and found Abbott Labs (NYSE:ABT), Costco Wholesale (NASDAQ:COST),Philip Morris (NYSE:PM), Chipolte Mexican Grill (NYSE:CMG) and Plum Creek Timber Company (NYSE:PCL)

    Abbott Labs (ABT)

    Barchart technical indicators:

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 16 new highs and up 9.67% in the last month
    • Relative Strength Index 78.44%
    • Barchart computes a technical support level at 59.30
    • Recently traded at 60.28 with a 50 day moving average of 56.22

    Costco Wholesale (COST)

    Barchart technical indicators:

    • 96% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 6.61% in the last month
    • Relative Strength Index 73.77%
    • Barchart computes a technical support level at 88.95
    • Recently traded at 90.05 with a 50 day moving average of 84.50

    Philip Morris (PM)

    Barchart technical indicators:

    • 96% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 5.64% in the last month
    • Relative Strength Index 74.08%
    • Barchart computes a technical support level at 85.10
    • Recently traded at 86.22 with a 50 day moving average of 80.03

    Chipolte Mexican Grill (CMG)

    Barchart technical indicators:

    • 100% Barchart technical support level
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • Relative Strength Index 80.32%
    • Barchart computes a technical support level at 405.31
    • Recently traded at 412.28 with a 50 day moving average of 376.64

    Plum Creek Timber Company (PCL)

    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 7.07% in the last month
    • Relative Strength Index 75.52%
    • Barchart computes a technical support level at 41.08
    • Recently traded at 41.67 with a 50 day moving average of 39.49

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in CMG, COST over the next 72 hours.

    Stocks: ABT, COST, PM, CMG, PCL
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 (2)
Track new comments
  • leokaplin
    , contributor
    Comments (202) | Send Message
     
    you have to be kidding me about CMG.. right?

     

    Its just a Burrito place.. I cant see this stock going up more.
    20 Mar 2012, 01:26 PM Reply Like
  • Jim Van Meerten
    , contributor
    Comments (647) | Send Message
     
    Author’s reply » I didn't make a prediction I just pointed out the momentum
    20 Mar 2012, 02:01 PM Reply Like
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.