I wanted to find the 5 best large cap stocks so I used Barchart to sort the S&P 500 Large Cap Index stocks first by a Weighted Alpha of 50.00+ or more, then a 50-100 Day MACD Oscillator buy signal then for technical buy signals of 80% or better. I always use the Flipchart feature to review the charts. The stocks with the highest technical buy signals were Molson Coors Brewing (NYSE:TAP), Scana (NYSE:SCG), Newell Rubbermaid (NYSE:NWL), General Electric (NYSE:GE) and Verisign (NASDAQ:VRSN).
Molson Coors Brewing
Barchart technical indicators:
100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
3 new highs and up 17.10% in the last month
Relative Strength Index 70.96%
Barchart computes a technical support level at 84.76
Recently traded at 92.22 with a 50 day moving average of 82.94
Scana
Barchart technical indicators:
100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 7.94% in the last month
Relative Strength Index 63.73%
Barchart computes a technical support level at 59.26
Recently traded at 60.11 with a 50 day moving average of 55.48
Newell Rubbermaid
Barchart technical indicators:
100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 6.54% in the last month
Relative Strength Index 65.55%
Barchart computes a technical support level at 43.81
Recently traded at 44.98 with a 50 day moving average of 42.32
General Electric
Barchart technical indicators:
100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 8.51% in the last month
Relative Strength Index 71.38%
Barchart computes a technical support level at 29.94
Recently traded at 30.48 with a 50 day moving average of 27.28
Verisign
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