5 NASDAQ 100 Stocks for Momentum Investors

This morning I wanted to find the 5 NASDAQ 100 stocks with the best current momentum.  I used Barchart to sort the NASDAQ 100 Index stocks first for the most frequent new highs in the last month, then again for technical buy signals of 80% or better.  The additions to today's watch list include:

Netapp (NTAP), Symantec (SYMC), Xilinx (XLNX), Ulta Salon Cosmetics (ULTA) and BroadCom (AVGO)

Netapp (NTAP)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 31.55% in the last month
• Relative Strength Index 88.92%
• Technical support level at 34.24
• Recently traded at 34.82 with a 50 day moving average of 26.68

Symantec (SYMC)

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 15.96% in the last month
• Relative Strength Index 81.91%
• Technical support level at 23.42
• Recently traded at 23.76 with a 50 day moving average of 21.15

Xilinx (XLNX)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 11.64% in the last month
• Relative Strength Index 79.15%
• Technical support level at 53.59
• Recently traded at 53.98 with a 50 day moving averrgae of 49.80

Ulta Salon Cosmetics (ULTA)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 5.76% in the last month
• Relative Strength Index 69.50%
• Technical support level at 267.68
• Recently traded at 274.56 with a 50 day moving average of 255.46

BroadCom (AVGO)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 10.15% in the last month
• Relative Strength Index 65.65%
• Technical support level at 172.47
• Recently traded at 176.00 with a 50 day moving average of 162.59