My 5 Favorite NASDAQ 100 Stocks

This morning I wanted to find the 5 best NASDAQ 100 stocks that had the highest return in the past year, had consistent price appreciation and still looked like they had room to go.  I used Barchart to sort the NASDAQ 100 Index stocks first for the highest Weighted Alpha, and then used the Flipchart feature to review the charts to find stocks trading above their 20, 50 and 100 day averages and had consistent price appreciation over the last 6 months.  Today's Watch List includes:

Nvidia (NVDA), Micron Technology (MU), Lam Research (LRCX), Applied Materials (AMAT) and Autodesk (ADSK)

Nvidia (NVDA)

Barchart technical indicators:

• 152.18+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signals
• Above its 20, 5 and 100 day moving averages
• 6 new highs and up 3.99% in the last month
• Relative Strength Index 68.83%
• Technical support level at 194.55
• Recently traded at 196.11 with a 50 day moving average of 175.01

Micron Technology (MU)

Barchart technical indicators:

• 135.16+ Weighted Alpha
• 56% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 12.14% in the last month
• Relative Strength Index 58.91%
• Technical support level at 40.99
• Recently traded at 40.48 with a 50 day moving average of 34.94

Lam Research (LRCX)

Barchart technical indicators:

• 104.97+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 10.86% in the last month
• Relative Strength Index 70.12%
• Technical support level at 195.44
• Recently traded at 197.77 with a 50 day moving average of 173.01

Applied Materials (AMAT)

Barchart technical indicator:

• 91.02+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 12.75% in the last month
• Relative Strength Index 70.51%
• Technical support level at 54.80
• Recently traded at 54.83 with a 50 day moving average of 47.69

Autodesk (ADSK)

Barchart technical indicators:

• 63.83+ Weighted Alpha
• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 4.22% in the last month
• Relative Strength Index 61.36%
• Technical support level at 117.93
• Recently traded at 118.33 with a 50 day moving average of 113.47

#NVDA #MU #LRCX #AMAT #ADSK