3 S And P 500 Large Caps With Great Technical Indicators

Aug. 25, 2012 1:55 PM ETAGN, KHC, DFS
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Jim Van Meerten 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 attended post-baccalaureate and graduate courses in Business Administration, Quantitative Math, and Education at Florida Atlantic University, Georgia State University and University of North Carolina at Charlotte. In the past he has been an accountant, attorney, adjunct professor in Business Law, Accounting and Internal Auditing, financial advisor, supervisory principal, and compliance officer. He also passed the Georgia CPA Exam, the Certified Internal Auditor Exam, and the FINRA Series 7, 24 and 9/10 exams.He is presently also a contributor on MSN Top Stocks Blog, Motley Fool and is a member of the M100 on Marketocracy, an elete honor chosen by the editors of Marketocracy as being in the top 100 portfolio managers of over 100,000 portfoiios they review. He would enjoy hearing your comments at JimVanMeerten@gmail.com.

Today I used Barchart to screen the S&P 500 Large Cap Index stocks to find the 3 with the best technical indicators and foundWatson Pharmaceuticals (WPI), H J Heinz (HNZ) and Discover Financial Services (DFS):

Watson Pharmaceuticals (WPI)

Barchart technical indicators:

 

  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 3 new highs and up 11.55% in the last month
  • Relative Strength Index 71.30%
  • Barchart computes a technical support level at 79.35
  • Recently traded at 88.32 with a 50 day moving average of 76.28


H J Heinz (HNZ)

Barchart technical indicators:

 

  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 9 new highs and up 3.55% in the last month
  • Relative Strength Index 65.99%
  • Barchart computes a technical support level at 55.10
  • Recently traded at 56.27 with a 50 day moving average of 54.88


Discover Financial Services (DFS)

Barchart technical indicators:

 

  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 12.73% in the last month
  • Relative Strength Index 65.10%
  • Barchart computes a technical support level at 37.53
  • Recently traded at 38.60 with a 50 day moving average of 35.47
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