Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

The 20 Strongest Names in the S&P 500

By

The once-dominating utilities sector is no longer on the list, while the services sector now features prominently.

PrintPRINT
MINYANVILE ORIGINAL Chartlabpro.com has updated its top 20 strongest names in the S&P 500 (^GSPC) based on Chartlabpro.com proprietary algorithm as of August 16. Year-to-date the top 20 names are up 38.64% vs. the S&P 500's 11.61%.

A notable trend over the last five days is that after three months of utilities dominating the top 20 names, there are no longer any utilities on the list. Conversely, the services sector has been on a fantastic run. Almost half the list is comprised of the services sector.


Click to enlarge

For those of you who are not familiar with our rating system, 5 is a Strong Buy, 4 Buy, 3 Hold, 2 Sell, and 1 Strong Sell.

Back on August 9 when Sprint (S) was trading at $4.78 we said the stock wanted $5 and was approaching an overbought level and to wait for an overbought level to sell. Well today the stock has reached an overbought level. We do not use RSI as an indicator for overbought/oversold levels, which provides false signals.


Click to enalrge

For more from ChartLabPro.com, click here.
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE