The 5 Best NASDAQ 100 Stocks for Momentum Investors

I have received requests to use short term technical screening criteria so momentum stocks are identified earlier.  Today I used Barchart to sort the NASDAQ 100 Index stocks first for the highest number of new highs in the last month, then again for the highest short term technical buy signals.  Next I used the Flipchart feature to review the charts.  Today's list includes:

Intuitive Surgical (ISRG), Applied Materials (AMAT), Paychex (PAYX), Charter Communications (CHTR) and Tesla Motors (TSLA)

Intuitive Surgical (ISRG)

Barchart technical indicators:

• 14 new highs and up 9.76% in the last month
• Trend Spotter buy signal
• 80% short term technical buy signals
• Relative Strength Index 66.38%
• Recently traded at 587.38 with a technical support level at 581.96

Applied Materials (AMAT)

Barchart technical indicators:

• 14 new highs and up 19.92% in the last month
• Trend Spotter buy signal
• 80% short term technical buy signals
• Relative Strength Index 67.48%
• Recently traded at 20.05 with a technical support level at 19.87

Paychex (PAYX)

Barchart technical indicators:

• 14 new highs and up 6.62% in the last month
• Trend Spotter buy signal
• 100% short term technical buy signals
• Relative Strength Index 66.60%
• Recently traded at 53.30 with a technical support level at 52.91

Charter Communications (CHTR)

Barchart technical indicators:

• 14 new highs and up 17.30% in the last month
• Trend Spotter buy signal
• 100% short term technical buy signals
• Relative Strength Index 70.81%
• Recently traded at 198.16 with a technical support level at 190.51

Tesla Motors (TSLA)

Barchart technical indicators:

• 14 new highs and up 43.02% in the last month
• Trend Spotter buy signal
• 80% short term technical buy signals
• Relative Strength Index 71.77%
• Recently traded at 221.93 with a technical support level at 218.44