5 Nasdaq 100 Stocks For Momentum Investors - August 1, 2016

Today I wanted to find the 5 Nasdaq 100 stocks with the best momentum so I used Barchart to sort the Index first for the most frequent number of new highs in the last month, Then again for technical buy signals of 80% or better. The additions to today's watchlist include: Ebay (Nasdaq: EBAY), Qualcomm (Nasdaq: QCOM), Amgen (Nasdaq: AMGN), Ulta Salon Cosmetics (Nasdaq: ULTA) and Sirius XM (Nasdaq: SIRI)

Ebay

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 31.24% in the last month
• Relative Strength index 86.13%
• Technical support level at 30.76
• Recently traded at 31.22 with a 50 day moving average of 25.39

Qualcomm

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 16.57% in the last month
• Relative Strength index 72.92%
• Technical support level at 61.97
• Recently traded at 61.73 with a 50 day moving average of 55.33

Amgen

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 13.17% in the last month
• Relative Strength Index 80.75%
• Technical support level at 169.88%
• Recently traded at 174.58 with a 50 day moving average of 157.60

Ulta Salon Cosmetics

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 6.59% in the last month
• Relative Strength Index 68.60%
• Technical support level at 259.16
• Recently traded at 259.74 with a 50 day moving average of 242.13

Sirius XM

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 9.32% in the last month
• Relative Strength index 65.06%
• Technical support level at 4.29
• Recently traded at 4.34 with a 50 day moving average of 4.04