5 Hot NASDAQ 100 Stocks

For me current momentum is one of the most important attributes of a great stock.  To find them I used Barchart to sort the NASDAQ 100 Index stocks for the stocks hitting the most frequent new highs in the last month.  Next I used the Flipchart feature to review the charts.

Today's list includes KLA-Tencor (KLAC), Intel (INTC), Sandisk (SNDK), Texas Instruments (TXN), Akamai Technologies (AKAM):

KLA-Tencor (KLAC)

Barchart technical indicators:

• 72% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 8.99% in the last month
• Relative Strength Index 72.91%
• Barchart computes a technical support level at 29.46
• Recently traded at 68.81 with a 50 day moving average

Intel (INTC)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 16.50% in the last month
• Relative Strength Index 81.49%
• Barchart computes a technical support level at 29.46
• Recently traded at 29.99 with a 50 day moving average of 26.95

Sandisk (SNDK)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 12.67% in the last month
• Relative Strength Index 74.40%
• Barchart computes a technical support level at 96.61

Texas Instruments (TXN)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 7.02% in the last month
• Relative Strength Index 64.86%
• Barchart computes a technical support level at 47.58
• Recently traded at 48.02 with a 50 day moving averages of 46.41

Akamai Technologies (AKAM)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 14.94% in the last month
• Relative Strength Index 79.63%
• Barchart computes a technical support level at 57.27
• Recently traded at 61.41 with a 50 day moving average of 54.48