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5 Large Caps For Momentum Investors

|Includes: HPQ, JCI, NVIDIA Corporation (NVDA), PDCO, TXN

Today I used Barchart to sort the S&P 500 Large Cap Index stocks to find the ones with the best upside momentum. First I sorted for the most frequent new highs in the last month and then again for technical buy signals of 80% or more. Next I always use the Flipchart feature to review the charts for consistency. Today's watch list includes:

Nvidia (NASDAQ:NVDA), Tyco International (TYC), Patterson (NASDAQ:PDCO), Texas Instruments (NYSE:TXN) and Hewlett-Packard (NYSE:HPQ)

Nvidia

Barchart technical indicators:

 

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 32.20% in the last month
  • Relative Strength Index 78.29%
  • Technical support level at 45.44
  • Recently traded at 46.72 with a 50 day moving average of 39.02


Tyco International

Barchart technical indicators:

 

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 15.56% in the last month
  • Relative Strength Index 79.61%
  • Technical support level at 42.89
  • Recently traded at 43.50 with a 50 day moving average of 38.87


Patterson

Barchart technical indicators:

 

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 14.47% in the last month
  • Relative Strength Index 71.42%
  • Technical support level at 48.84
  • Recently traded at 49.30 with a 50 day moving average of 45.44


Texas Instruments

Barchart technical indicators:

 

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 7.83% in the last month
  • Relative Strength Index 67.06%
  • Technical support level at 60.18
  • Recently traded at 61.65 with a 50 day moving average of 58.59


Hewlett-Packard

Barchart technical indicators:

 

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 18.64% in the last month
  • Relative Strength Index 76.54%
  • Technical support level at 13.33
  • Recently traded at 13.73 with a 50 day moving average of 12.31