Tuesday, February 9, 2016

The Top 2 NASDAQ 100 Stocks

Why only 2 stocks instead of the Top 5?  Because the market stinks!.  For me to feature a stock it must meet a minimum hurdle.  The stock must have technical buy signals of 80% or more, be trading above its 20, 50 and 100 Day Moving Averages and have a positive 50-100 Day MACD Oscillator.  Only 2 NASDAQ 100 stocks make the grade.

How bad is the market?  As I'm writing this post the majority of the 10,000+ stock in the Barchart database are trading below their 20, 50 and 100 DMAs.  Those trading above are:

  • 29.19% above their 20 DMA
  • 15.55% above their 50 DMA
  • 14.74% above their 100 DMA
That's pretty bad. Agreed?

Ok, the 2 stocks making the grade are Mattel (MAT) and Fastenal (FAST).

Mattel (MAT)


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 17.45% in the last month
  • Relative Strength Index 70.55%
  • Technical support level at 30.87
  • Recently traded at 31.55 with a 50 day moving average of 27.04
Fastenal (FAST)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 12.09% in the last month
  • Relative Strength Index 66.02%
  • Technical support level at 41.76
  • Recently traded at 44.03 with a 50 day moving average of 39.89


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