NASDAQ OMX Group - Best Large Cap

Today I used Barchart to sort the S&P 500 Large Cap Index stocks to find the one with the most frequent new highs in the last month and at the top of the sort was the security exchange company The NASDAQ OMX Group (NDAQ).

Barchart technical indicators:

• 64% Bachart technical buy signals
• Trend Spotter buy signals - Up 7.34% since the 10/30 signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 4.99% in the last month
• Relative Strength Index 57.68%
• Barchart computes a technical support level at 45.09
• Recently traded at 46.07 with a 50 day moving average of 43.49

Fundamental factors:

• Market Cap $7.77 billion
• P/E 16.42
• Dividend yield 1.29%
• Revenue expected to grow 9.10% this year and another 4.20% next year
• Earnings estimated to increase 11.20% this year, an additional 11.80% next year and continue to compound at an annual rate of 10.67% for the next 5 years
• Wall Street analysts issued 3 strong buy, 7 buy, 4 hold and 1 under perform recommendation on this stock

The most effective technical trading strategy for the last 5 years has been the 50 day moving average vs. the price but following that indicator would have meant 87 trades.  I'd rather use a moving stop loss 10% below its most recent high.