Today I wanted to find the NASDAQ 100 stocks that were performing the best. I used Barchart to sort the NASDAQ 100 Index stocks first for a Weighted Alpha of more than 50.00 + then again for technical buy signals of 80% or better. Only 4 made the cut: Nvidia (NASDAQ:NVDA), Starbucks (NASDAQ:SBUX), O'Reilly Automotive (NASDAQ:ORLY) and Activision Blizzard (NASDAQ:ATVI).
Nvidia
Barchart technical indicators:
100% Barchart technical buy signals
54.21+ Weighted Alpha
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 19.63% in the last month
Relative Strength Index 72.30%
Barchart computes a technical support level at 25.01
Recently traded at 26.02 with a 50 day moving average of 22.68
Starbucks
Barchart technical indicators:
96% Barchart technical buy signals
55.12+ Weighted Alpha
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 8.29% in the last month
Relative Strength Index 59.94%
Barchart computes a technical support level at 57.57
Recently traded at 58.78 with a 50 day moving average of 56.47
O'Reilly Automotive
Barchart technical indicators:
80% Barchart technical buy signals
57.98+ Weighted Alpha
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
8 new highs and up 7.30% in the last month
Relative Strength Index 55.92%
Barchart computes a technical support level at 247.78
Recently traded at 251.78 with a 50 day moving average of 245.23
Activision Blizzard
Barchart technical indicators:
80% Barchart technical buy signals
74.45+ Weighted Alpha
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 13.67% in the last month
Relative Strength Index 65.64%
Barchart computes a technical support level at 30.96
Recently traded at 31.94 with a 50 day moving average of 29.12
