Today's 4 Best NASDAQ 100 Stocks
If you're not already saving time using screeners to find stocks with the attributes you like; you should spend some time learning how to use them. Years ago from an article in Forbes called Best of the Web I discovered the tools on Barchart and I've been using them ever since.
Today I used Barchart to sort the NASDAQ 100 Index stocks first for a Weighted Alpha of 50.00+ or more then for technical buy signals of 80% or better and again for a 50-100 Day MACD Oscillator buy signal. That narrowed the 109 stocks in the Index ( Please don't ask why there are 109 stocks in the NASDAQ 100 index - because I don't know) down to just 4. I then used the Flipchart feature to review the charts.
Today's list includes O'Reilly (NASDAQ:ORLY), Amazon.Com (NASDAQ:AMZN), Starbucks(NASDAQ:SBUX) and Nvidia (NASDAQ:NVDA).
O'Reilly
Barchart technical indicators:
- 100% Barchart technical buy signals
- 55.30+ Weighted Alpha
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 7 new highs and up 9.20% in the last month
- Relative Strength Index 72.71%
- Barchart computes a technical support level at 272.49
- Recently traded at 275.29 with a 50 day moving average of 249.55
Amazon.Com
Barchart technical indicators:
- 96% Barchart technical buy signals
- 115.70+ Weighted Alpha
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 9 new highs and up 17.97% in the last month
- Relative Strength Index 75.90%
- Barchart computes a technical support level at 621.86
- Recently traded at 628.23 with a 50 day moving average of 540.33
Starbucks
Barchart technical indicators:
- 88% Barchart technical buy signals
- 59.40+ Weighted Alpha
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- Relative Strength Index 61.58%
- Barchart computes a technical support leve at 61.20
- Recently traded at 62.40 with a 50 day moving average of 57.95
Nvidia
Barchart technical indicators:
- 80% Barchart technical buy signals
- 59.20+ Weighted Alpha
- Trend Spotter buy signal
- Above its 2, 50 and 100 day moving averages
- 11 new highs and up 15.71% in the last month
- Relative Strength Index 69.10%
- Barchart computes a technical support level at 27.44
- Recently traded at 28.64 with a 50 day moving average of 24.72
Disclosure:None.
With holiday season around the corner I expect we'll see Amazons next earnings skyrocket come January time. At $628 per share, maybe a split is also in the pipeline. A good buy prior to earnings, or buy the dip! Out of 44 analyst opinions, 14 are a Strong Buy and 24 are a Buy.