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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
My company:
Marketocracy Capital Management
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Barchart Portfolio Blogs
  • 5 Great Large Caps 0 comments
    May 14, 2012 10:07 AM | about stocks: HSY, SHW, SCG, WEC, FE

    This morning I used Barchart to screen the Large Cap S and P 500 stocks to find 5 with great upward momentum and found Hersey (HSY), Sherwin Williams (SHW), Scana (SCG), Wisconsin Energy (WEC) and First Energy (FE).

    Hersey Foods (HSY)

    Barchart technical indicators:

    • 96% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 17 new highs and up 12.51% in the last month
    • Relative Strength Index 75.91%
    • Barchart computes a technical support level at 67.69
    • Recently traded at 68.43 with a 50 day moving average of 62.70

    Sherwin Williams (SHW)

    Barchart technical indicators:

    • 80% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 14 new highs and up 6.88% in the last month
    • Relative Strength Index 70.16%
    • Barchart computes a technical support level at 121.62
    • Recently traded at 122.72 with a 50 day moving average of 113.13

    Scana (SCG)

    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 5.75% in the last month
    • Relative Strength Index 64.91%
    • Barchart computes a technical support level at 36.55
    • Recently traded at 46.53 with a 50 day moving average of 45.18

    Wisconsin Energy (WEC)

    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 7.24% in the last month
    • Relative Strength Index 70.58%
    • Barchart computes a technical support level at 36.55
    • Recently traded at 37.20 with a 50 day moving average of 35.37

    First Energy (FE)

    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 6.20% in the last month
    • Relative Strength Index 71.14%
    • Barchart computes a technical support level at 47.25
    • Recently traded at 47.81 with a 50 day moving average of 45.61

    Disclosure: I am long SHW, WEC.

    Stocks: HSY, SHW, SCG, WEC, FE
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