5 NASDAQ 100 Stars

Today I used Barchart to sort the NASDAQ 100 Index to find the stocks with great technical indicators and interesting short term charts.  The list includes CA Inc (CA), Oracle (ORCL), Apple (AAPL), Baidu (BIDU), and Qualcomm (QCOM):

CA Inc (CA)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above  its 20, 50 and 100 day moving averages
• 15 new highs and up 4.94% in the last month
• Relative Strength index 69.10%
• Barchart computes a technical support level at 30.85
• Recently traded at 31.04 with a 50 day moving average of 29.28

Oracle (ORCL)

Barchart technical indicators:

• In a crossover position on the technical buy/sell signal
• Trend Spotter buy signal
• Above its 20 and 50 day moving averages
• 13 new highs and up 2.22% in the last month
• Relative Strength Index 51.44%
• Barchart computes a technical support level at 33.06
• Recently traded at 32.75 with a 50 day moving average of 32.30

Apple (AAPL)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 16.24% in the last month
• Relative Strength Index 75.34%
• Barchart computes a technical support level at 487.87
• Recently traded at 497.28 with a 50 day moving average of 435.87

Baidu (BIDU)

Barchart technical indicators:

• 60% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 34.86% in the last month
• Relative strength Index 68.76%
• Barchart computes a technical support level at 134.90
• Recently traded at 137.43 with a 50 day moving average of 109.40

Qualcomm (QCOM)

Barchart technical indicators:

• 72% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 8.24%
• Relative Strength Index 60.73%
• Barchart computes a technical support level at 66.35
• Recently traded at 33.64 with a 50 day moving average of 62.75

NASDAQ 100 Signal Caution

Today I sorted the NASDAQ 100 Index to find the 5 with the best Barchart technical indicators and charts and did not like what I saw.  I am giving a big signal of caution to all technical and momentum investors.  This is a declining market and I do not buy into declining markets.

Look at this hourly chart of the Value Line Index over the last 28 days and you can see the hourly declines:

On the close Friday 55.06% of all the stocks traded below their 20 day moving averages and there were 2856 declines to 977 advances - That's a 3 to 1 decline in the market.  Sit on the side line and be ready to jump in when the market reverses.

These are not buy recommendations but are just given for information.  They are the 5 with the highest Barchart technical indicators but NONE has a score of 100%.  The list includes Fastenal (FAST), Virgin Media (VMED), Akamai Technologies (AKAM), Expeditor's International of Washington (EXPD), and Oracle (ORCL):

Fastenal (FAST)

Barchart technical indicators:

• 80% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 12.58% in the last month
• Relative Strength Index 70.84%
• Barchart computes a technical support level at 45.49
• Recently traded at 46.18 with a 50 day moving average of 43.07

Virgin Media (VMED)

Barchart technical indicators:

• 80% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 6.96% in the last month
• Relative Strength Index 63.25%
• Barchart computes a technical support level at 36.05
• Recently traded at 36.41 with a 50 day moving average of 34.08

Akamai Technologies (AKAM)

Barchart technical indicators:

• 72% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and100 day moving averages
• 9 new highs and up 12.60% in the last month
• Relative Strength Index 58.15%
• Barchart computes a technical support level at 39.95
• Recently traded at 40.40 with a 50 day moving average of 37.90

Expeditors International of Washington (EXPD)

Barchart technical indicators:

• 64% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 5.40% in the past month
• Relative Strength Index 58.74%
• Barchart computes a technical support level at 38.53
• Recently traded at 39.03 with a 50 day moving average of 37.29

Oracle (ORCL)

Barchart technical indicators:

• 64% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 3.84% in the past month
• Relative Strength Index 57.74%
• Barchart computes a technical support level at 32.68
• Recently traded at 33.02 with a 50 day moving average of 31.55

Be patient and keep your powder dry!

3 NASDAQ 100 Stocks

Today I used Barchart to screen the NASDAQ 100 Index stocks to find the 3 with the most favorable technical indicators and charts and found Verisign (VRSN), Paychex (PAYX) and Oracle (ORCL)

Verisign (VRSN)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 10.43% in the last month
• Relative Strength Index 69.19%
• Barchart computes a technical support level at 47.31
• Recently traded at 47.76 with a 50 day moving average of 43.75

Paychex (PAYX)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 2 new highs and up 3.90% in the last month
• Relative Strength Index 60.98%
• Barchart computes a technical support level at 32.72
• Recently traded at 33.28 with a 50 day moving average of 32.10

Oracle (ORCL)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 8.50% in the last month
• Relative Strength Index 66.78%
• Barchart computes a technical support support level at 31.26
• Recently traded at 32.03 with a 50 day moving average of 29.39

Oracle - ORCL

http://www.thestreet.com/story/11656121/1/softwares-rising-tide-floats-oracles-boat.html