5 NASDAQ 100 Gems

A lot of Wall Street pundits have been advising their audience to short the QQQ.  I wanted to see if there were any gems among the rocks so I used Barchart to sort the NASDAQ 100 Index stocks for the highest technical buy signals then used the Flipchart feature to weed out the stocks getting bounces on news.

Today's list includes Paychex (PAYX), Vertex Pharmaceuticals (VRTX), Bed Bath & Beyond (BBBY), Facebook (FB) and Intuit (INTU):

Paychex (PAYX)

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 2.79% in the last month
• Relative Strength Index 63.29%
• Barchart computes a technical support level at 42.06
• Recently traded at 43.47 with a 50 day moving average of 41.91

Vertex Pharmaceuticals (VRTX)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 19.13% in the last month
• Relative Strength Index 77.65%
• Barchart computes a technical support level at 101.51
• Recently traded at 106.98 with a 50 day moving average of 93.28

Bed Bath & Beyond (BBBY)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter hold signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 4.27% in the last month
• Relative Strength Index 64.15%
• Barchart computes a technical support level at 61.92
• Recently traded at 66.75 with a 50 day moving average of 63.34

Facebook (FB)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 Day Moving averages
• 8 new highs and up 4.34% in the last month
• Relative strength Index 57.59%
• Barchart computes a technical support level at 75.06
• Recently traded at 77.97 with a 50 day moving average of 74.40

Intuit (INTU)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 3.43% in the last month
• Relative Strength Index 62.30%
• Barchart computes a technical support level at 84.87
• Recently traded at 86.73 with a 50 day moving average of 83.18