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