The 5 Best of the IBD 50

Each week Investors Business Daily publishes the IBD 50 which is their 50 top rated stocks.  I use Barchart to sort those 50 stocks first by the Barchart technical buy signals, then I use the Flipchart feature to review the chart of consistent upward momentum.  Today's list includes:

Michael Kors (KORS), Ellie Mae (ELLI), Equity Lifestyle Properties (ELS), TAL Education Group (XRS) and Edwards Lifesciences (EW).

Michael Kors (KORS)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 44.29% in the last month
• Relative Strength Index 78.11%
• Technical support level at 53.28
• Recently traded at 55.44 with a 50 day moving average of 43.11

Ellie Mae (ELLI)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 27.20% in the last month
• Relative Strength Index 67.76%
• Technical support level at 77.05
• Recently traded at 83.74 with a 50 day moving average of 66.47

Equity Lifestyle Properties (ELS)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 3.01% in the last month
• Relative Strength Index 60.24%
• Technical support level at 6893
• Recently traded at 69.11 with a 50 day moving average of 66.04

TAL Education Group (XRS)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 15.39% in the last month
• Relative Strength Index 64.71%
• Technical support level at 49.60
• Recently traded at 50.82 with a 50 day moving average of 46.27

Edwards Lifesciences (EW)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 10.22% in the last month
• Relative Strength Index 64.17%
• Technical support level at 85.32
• Recently traded at 87.05 with a 50 day moving average of 79.77

Ellie Mae - New All Time High

Ellie Mae (ELLI) is the Barchart Chart of the Day.  The mortgage origination software company has a Trend Spotter buy signal, a Weighted Alpha of 171.70+ and gained 172.06% in the last year.

The Chart of the Day belongs to Ellie Mae (ELLI).  I found the stock by sorting the All Time High list for the stocks with the best technical buy signals then use the Flipchart feature to review the charts.

Ellie Mae, Inc. operates electronic mortgage origination networks in the United States. The Company's network and technology-enabled solutions help streamline and automate the mortgage origination process. Solutions offered by Ellie include Encompass software, a comprehensive operating system that handles key business and management functions involved in running a mortgage origination business, and serves as a gateway to the Ellie Mae Network. Through its solutions the Company also offers services like: automated preparation of the disclosure and closing documents; electronic document management and websites and electronic connectivity.

The status of Barchart's Opinion trading systems are listed below.  Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates.  The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 19.25% in the last month
• Relative Strength Index 72.13%
• Barchart computes a technical support level at 53.09
• Recently traded at 66.24 with a 50 day moving average of 55.29

Fundamental factors:

• Market Cap $1.90 billion
• P/E 91.51
• Revenue expected to grow 27.80% this year and another 23.50% next year
• Earnings estimated to increase 41.90% next year and continue to compound at an annual rate of 16.63% for the next 5 years
• Wall Street analysts issued 1 strong buy, 5 buy and 3 hold recommendations on the stock

The 50 - 100 Day MACD Oscillator has been a reliable technical trading strategy on this stock and should continue to be used for entry and exit points

Ellie Mae - Barchart's Chart of the Day

Ellie Mae (ELLI) is the Barchart Chart of the Day. The electronic mortgage origination network has a Trend Spotter buy signal, a Weighted Alpha of 39.70+ and gained 35.94% in the last year.

The Chart of the Day belongs to Ellie Mae (ELLI).  I found the stock by sorting the New High List for new high frequency in the last month then used the Flipchart feature to find the chart I liked. Since the Trend Spotter signaled a buy on 5/12 the stock gained 21.79%.

ELLI operates electronic mortgage origination networks in the United States. The Company's network and technology-enabled solutions help streamline and automate the mortgage origination process. Solutions offered by Ellie include Encompass software, a comprehensive operating system that handles key business and management functions involved in running a mortgage origination business, and serves as a gateway to the Ellie Mae Network. Through its solutions the Company also offers services like: automated preparation of the disclosure and closing documents; electronic document management and websites and electronic connectivity. Ellie Mae, Inc. is headquartered in Pleasanton, California.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 19 new highs and up 19.99% in the last month
• Relative Strength Index 21.37%
• Barchart computes a technical support level at 31.47%
• Recently traded at 32.30 with a 50 day moving average of 27.51

Fundamental factors:

• Market Cap $901.82 million
• P/E 81.67
• Revenue expected to grow 17.40% this year and another 22.10% next year
• Earnings are estimated to increase 31.60% next year and continue to increase at an annual rate of 22.23% for the next 5 years
• Wall Street analysts issued 1 strong buy, 3 buy and 5 hold recommendations on the stock

As the housing market returns to normal this might be a good long term stock.  I'd still exit at the 100 day moving average