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5 Large Caps For Momentum Investors

|Includes: AA, ADP, C.H. Robinson Worldwide Inc. (CHRW), GLW, UAL

This morning I wanted to find the 5 Large Cap stocks with the best current momentum. I used Barchart to sort the S&P 500 Large Cap Indexstocks first for the most frequent new highs in the last month, then again for technical buy signals of 80% or more,

Today's watch list includes: CH Robinson (NASDAQ:CHRW), United Continental (NASDAQ:UAL), Corning (NYSE:GLW), Alcoa (NYSE:AA) and Automatic Data Processing(NASDAQ:ADP).

CH Robinson

Barchart technical indicators:

  • 88% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 9.79% in the last month
  • Relative Strength Index 71.69%
  • Technical support level at 73.93
  • Recently traded at 74.21 with a 50 day moving average of 70.49


United Continental

Barchart technical indicators:

 

  • 96% technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 25.66% in the last month
  • Relative Strength Index 80.65%
  • Technical support level at 68.52
  • Recently traded at 69.25 with a 50 day moving average of 56.97


Corning

Barchart technical indicators:

 

  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 6.70% in the last month
  • Relative Strength Index 69.44%
  • Technical support level at 24.11
  • Recently traded at 24.20 with a 50 day moving average of 23.38


Alcoa

Barchart technical indicators:

 

  • 88% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 45.71% in the last month
  • Relative Strength Index 71.32%
  • Technical support level at 30.44
  • Recently traded at 30.86 with a 50 day moving average of 24.12


Automatic Data Processing

Barchart technical indicators:

 

  • 80% technical buy signals
  • 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 78.58%
  • Technical support level at 96.07
  • Recently traded at 96.57 with a 50 day moving average of 37.43