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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
  • 3 Large Caps With Momentum 0 comments
    Jun 24, 2012 4:01 PM | about stocks: MRK, BMY, WFM

    This weekend I used Barchart to screen the S & P 500 Large Cap Index stocks to find the 3 with the best technical indicators and found Merck (NYSE:MRK), Bristol-Myers Squibb (NYSE:BMY) and Whole FoodsMarket (NASDAQ:WFM)

    Merck (MRK)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 7.26% in the last month
    • Relative Strength Index 73.04%
    • Barchart computes a technical support level at 39.25
    • Recently traded at 40.18 with a 50 day moving average of 38.33


    Bristol-Myers Squibb (BMY)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 7.71% in the last month
    • Relative Strength Index 73.28%
    • Barchart computes a technical support level at 34.61
    • Recently traded at 35.36 with a 50 day moving average of 33.62


    Whole Foods Market (WFM)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 13 new highs and up 10.80% in the last month
    • Relative Strength Index 65.82%
    • Barchart computes a technical support level at 93.17
    • Recently traded at 96.27 with a 50 day moving average of 87.93

    Disclosure: I am long WFM.

    Stocks: MRK, BMY, WFM
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