The 5 Best NASDAQ 100 stocks for Momentum Investors

Today I used Barchart to sort the NASDAQ 100 Index stocks first for the highest short term buy signals, then I used the Flipchart feature to review the charts for consistency.  Today's additions to the Watchlist include:

SBA Communications (SBAC), Paychex (PAYX), Netease (NTES), Intuitive Surgical (ISRG) and Intuit (INTU)

SBA Communications (SBAC)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 8.69% in the last month
• Relative Strength Index 62.51%
• Technical support level at 103.31
• Recently traded at 107.44 with a 50 day moving average of 101.47

Paychex (PAYX)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 3.33% in the last month
• Relative Strength Index 61.18%
• Technical support level at 55.49
• Recently traded at 56.14 with a 50 day moving average of 53.55

Netease (NTES)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 2 new highs and up 3.24% in the last month
• Relative Strength Index 67.13%
• Technical support level at 167.83
• Recently traded at 657.72 with a 50 day moving average of 636.00

Intuitive Surgical (ISRG)

Barchart technical indicators:

• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 3.21% in the last month
• Relative Strength Index 59.03%
• Technical support level at 633.01
• Recently traded at 657.72 with a 50 day moving average of 636.00

Intuit (INTU)

Barcart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 1.30% for the last month
• Relative Strength Index 58.40%
• Technical support level at 105.66
• Recently traded at 109.29 with a 50 day moving average of 104.68

SBA Communications - Barchart's Chart of the Day

Summary:

SBA Communications (SBAC) is the Chart of the Day.  Wall Street projects double digit growth in both revenue and earnings this year.  The stock has a Trend Spotter buy signal as well as 100% Barchart technical buy signals.

Article:

Today's Chart of the Day is SBA Communications (SBAC).  The stock has both a Trend Spotter buy signal and 100% Technical buy signals.  17 new highs and a gain of 8.76% in the last month plus a Relative strength Index of 72.93% are great.  The stock is near the top of the New High List when sorted for frequency.

The Company is an independent owner and operator of wireless communications infrastructure in the United States. They generate revenue from two primary businesses -- site leasing and site development services. The primary focus of the company is the leasing of antenna space on its multi- tenant towers to a variety of wireless service providers under long-term lease contracts.

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
• 17 new highs and up 8.76% in the last month
• Relative Strength Index 72.93%
• Barchart computes a technical support level at 74.72
• Recently traded at 78.09 with a 50 day moving average of 72.42

Fundamental factors:

• Market Cap $9.87 billion
• Revenue predicted to grow 27.70% this year and another 7.20% next year
• Earnings estimated to increase 45.70% this year, an additional 47.40% next year and continue to increase 17.00% annually for the next 5 years
• Wall Street analysts issued 8 strong buy, 1 buy and 1 hold recommendation
• Financial Strength C++

Sell is you lose 10% or the stock drops below its 50 day moving average.

SBA Communications - SBAC - Barchart's Chart of the Day

Barchart.coms Chart of the Day - SBA Communications (SBAC)

Barchart Research Team - BC - Mon Jun 25, 9:07PM CDT

Related Stocks

SBAC - SBA Communications Corp.

Sym	Last	Chg	Pct
SBAC	55.64	+0.89	+1.63%

The "Chart of the Day" is SBA Communications (SBAC), which showed up on Monday's Barchart "52-Week High" list. SBA Communications on Monday edged to a new 12-year high of $56.00 and closed up 1.63%. TrendSpotter has been long since June 15 at $53.72. In recent news on the stock, Barron's on May 20 mentioned SBA Communications as a stock that is a candidate for REIT conversion that could offer upside for investors. Macquarie on May 24 upgraded SBA Communications to Outperform from Neutral and raised its target to $60 from $56 based on valuation and growth. Canaccord on May 24 recommended buying cell tower stocks including SBA Communications because tower companies should benefit from cell carrier deployment of 4G LET nationwide networks and from upgrade activity at T-Mobile and Sprint. SBA Communications, with a market cap of $6.5 billion, is a leading independent owner and operator of wireless communications infrastructure in the United States.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.
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.

• TrendSpotter: Buy
• Short-Term Indicators: 100% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 100% Buy

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