I wanted to find the 5 NASDAQ 100 stocks with the most consistent momentum and charts so I used Barchart to sort the NASDAQ 100 Index stocks for the stocks with the most frequent new highs in the last month then used the Flipchart feature to review the charts.
Today’s list includes Automatic Data Processing (NASDAQ:ADP), Intuit (NASDAQ:INTU), Cisco Systems (NASDAQ:CSCO), O’Reilly Automotive (NASDAQ:ORLY), Bed Bath & Beyond (NASDAQ:BBBY):
Automatic Data Processing (ADP)
Barchart technical indicators:
72% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 16.61% in the last month
Relative Strength Index 75.64%
Barchart computes a technical support level at 84.10
Recently traded at 84.70 with a 50 day moving average of 76.47
Intuit (INTU)
Barchart technical indicators:
96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 12.72% in the last month
Relative Strength Index 69.79%
Barchart computes a technical support level at 90.53
Recently traded at 90.82 with a 50 day moving average of 85.45
Cisco Systems (CSCO)
Barchart technical indicators:
72% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 14.37% in the last month
Relative Strength Index 77.33%
Barchart computes a technical support level at 26.24
Recently traded at 26.44 with a 50 day moving average of 24.62
O’Reilly Automotive (ORLY)
Barchart technical indicators:
64% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 17.41% in the last month
Relative Strength Index 67.54%
Barchart computes a technical support level at 176.44
Recently traded at 178.60 with a 50 day moving average of 161.61
