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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. 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
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  • 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 (ABT), Costco Wholesale (COST),Philip Morris (PM), Chipolte Mexican Grill (CMG) and Plum Creek Timber Company (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
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This post has 2 comments:

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  •  
    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
  •  
    I didn't make a prediction I just pointed out the momentum
    20 Mar 2012, 02:01 PM Reply Like
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