Time to Buy These Blue Chip Shares Above Key Technical Price Support?

Following is information on companies whose stock price is above its 150-day moving average.

Criteria for this screen are:

  • The stock traded on a US exchange
  • Its market capitalization is at least $100 billion
  • Its price change over the 150-day average is at least 1% (the stock is presently trading above its 150-day moving average price).

Don’t Miss: Wall St. Cheat Sheet’s newest Feature Trades of the Month!

The screen returned 10 companies.  Conspicuously absent are either technology (NYSE:XLK) or bank (NYSE:XLF) stocks.

  • GlaxoSmithKline plc (ADR) (NYSE:GSK): This company has a market capitalization of $105,728,287,571. It recently traded at $41.22, which is 3.21% above its 150-day moving average. About the company: GlaxoSmithKline plc is a research-based pharmaceutical group that develops, manufactures and markets vaccines, prescription and over-the-counter medicines, as well as health-related consumer products. The Group, which also provides laboratory testing and disease management services, specializes in treatments for respiratory, central nervous system, gastro-intestinal and genetic disorders. Competitors to Watch: Pfizer Inc. (NYSE:PFE), Merck & Co., Inc. (NYSE:MRK), Johnson & Johnson (NYSE:JNJ), Sanofi-Aventis SA (NYSE:SAN), Abbott Laboratories (NYSE:ABT), Astra Zeneca plc (NYSE:AZN) and Roche Holding Ltd. (NYSE:ROG).
  • International Business Machines Corp. (NYSE:IBM): This company has a market capitalization of $203,021,400,000. It recently traded at $167.62, which is 5.08% above its 150-day moving average. About the company:  International Business Machines Corporation (NYSE:IBM) provides computer solutions through the use of advanced information technology. The Company’s solutions include technologies, systems, products, services, software, and financing. IBM offers its products through its global sales and distribution organization, as well as through a variety of third party distributors and resellers. Competitors to Watch: Accenture plc (NYSE:ACN), Hewlett-Packard Company (NYSE:HPQ), Oracle (NASDAQ:ORCL), Cisco (NASDAQ:CSCO), Intel (NASDAQ:INTC), Dell (NASDAQ:DELL), Apple (NASDAQ:AAPL), SAP (NYSE:SAP), Teradata (NYSE:TDC) and Microsoft Corporation (NASDAQ:MSFT).
  • Johnson + Johnson (NYSE:JNJ): This company has a market capitalization of $178,859,600,000. It recently traded at $65.25, which is 4.23% above its 150-day moving average. About the company:  Johnson & Johnson manufactures health care products and provides related services for the consumer, pharmaceutical, and medical devices and diagnostics markets. The Company sells products such as skin and hair care products, acetaminophen products, pharmaceuticals, diagnostic equipment, and surgical equipment in countries located around the world. Competitors to Watch: GlaxoSmithKline plc (NYSE:GSK), Pfizer Inc. (NYSE:PFE), Bristol Myers Squibb Co. (NYSE:BMY), Merck & Co., Inc. (NYSE:MRK), Abbott Laboratories (NYSE:ABT), Boston Scientific Corporation (NYSE:BSX), Eli Lilly & Co. (NYSE:LLY), and Amgen, Inc. (NASDAQ:AMGN).
  • Novartis AG (ADR) (NYSE:NVS): This company has a market capitalization of $163,999,000,000. It recently traded at $59.63, which is 3.58% above its 150-day moving average. About the company:  Novartis AG manufactures pharmaceutical and consumer healthcare products. The Company produces pharmaceuticals for cardiovascular, respiratory and infectious diseases; oncology, neuroscience, transplantation, dermatology, gastrointestinal and urinary conditions, and arthritis; vaccines and diagnostics; vision, and animal health products.
  • PepsiCo, Inc. (NYSE:PEP): This company has a market capitalization of $109,144,100,000. It recently traded at $69.05, which is 4.09% above its 150-day moving average. About the company:  PepsiCo, Inc. operates worldwide beverage, snack and food businesses. The Company manufacture or uses contract manufacturers, market and sell a variety of grain-based snacks, carbonated and non-carbonated beverages and foods in countries throughout the world. Competitors to Watch: The Coca-Cola Company (NYSE:KO), Dr Pepper Snapple Group Inc. (NYSE:DPS), Coca-Cola Enterprises Inc. (NYSE:CCE), Hansen Natural Corporation (NASDAQ:HANS), Reed’s, Inc. (NASDAQ:REED), Cott Corporation (NYSE:COT), National Beverage Corp. (NASDAQ:FIZZ), Jones Soda Co. (NYSE:USA) (NASDAQ:JSDA), Celsius Holdings, Inc. (NASDAQ:CELH), and Fomento Economico Mexicano SAB (NYSE:FMX).
  • Pfizer Inc. (NYSE:PFE): This company has a market capitalization of $159,365,800,000. It recently traded at $20.17, which is 4.48% above its 150-day moving average. About the company:  Pfizer Inc. is a research-based, global pharmaceutical company that discovers, develops, manufactures, and markets medicines for humans and animals. The Company’s products include prescription pharmaceuticals, non-prescription self-medications, and animal health products such as anti-infective medicines and vaccines.
  • Philip Morris International Inc. (NYSE:PM): This company has a market capitalization of $117,232,700,000. It recently traded at $65.92, which is 4.40% above its 150-day moving average. About the company:  Philip Morris International Inc., through its subsidiaries, affiliates and their licensees, produces, sells, distributes, and markets a wide range of branded cigarettes and tobacco products in markets outside of the United States of America. The Company’s portfolio comprises both international and local brands.
  • Siemens AG (ADR) (NYSE:SI): This company has a market capitalization of $121,148,163,523. It recently traded at $131.99, which is 2.27% above its 150-day moving average. About the company:  Siemens AG manufactures a wide range of industrial and consumer products. The Company builds locomotives, traffic control systems, automotive electronics, and engineers electrical power plants. Siemens also provides public and private communications networks, computers, building control systems, medical equipment, and electrical components. The Company operates worldwide.
  • Sanofi SA (ADR) (NYSE:SNY): This company has a market capitalization of $101,179,560,710. It recently traded at $37.66, which is 6.43% above its 150-day moving average. About the company:  Sanofi-Aventis is a global pharmaceutical company that researches, develops and manufactures prescription pharmaceuticals and vaccines. The Company develops cardiovascular, thrombosis, metabolic disorder, central nervous system, internal medicine and oncology drugs, and vaccines.
  • AT+T Inc. (NYSE:T): This company has a market capitalization of $182,160,700,000. It recently traded at $30.76, which is 4.39% above its 150-day moving average. About the company:  AT&T Inc. is a communications holding company. The Company, through its subsidiaries and affiliates, provides local and long-distance phone service, wireless and data communications, Internet access and messaging, IP-based and satellite television, security services, telecommunications equipment, and directory advertising and publishing. Competitors to Watch: Sprint Nextel Corp. (NYSE:S), MetroPCS (NYSE:PCS), Vodafone (NASDAQ:VOD), Qwest (NYSE:Q), CenturyLink (NYSE:CTL), Cbeyond (NASDAQ:CBEY), Cincinnati Bell (NYSE:CBB), Frontier Communications (NYSE:FTR) and Verizon Communications Inc. (NYSE:VZ).

(Note: Selected financial data are sourced from screener.co.  All data are assumed to be accurate.)

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter >>