Every week Investors Business Daily publishes a list of their top 50 picks from their filtering technique. I then take that list and run it through the Barchart momentum filters that I have found to be useful to me to come up with the 5 that I think are best. These are the ones with the highest technical buy signals, then I review the charts using the Flipchart feature.
Today’s list includes CDW Corp (NASDAQ:CDW), Dycom Industries (NYSE:DY), Alphabet (NASDAQ:GOOGL), Bank of the Ozarks (NASDAQ:OZRK) and Integrated Devices (NASDAQ:IDTI).
CDW Corp
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 11 new highs and up 13.38% in the last month
- Relative Strength Index 73.38%
- Barchart computes a technical support level at 4391
- Recently traded at 46.11 with a 50 day moving average of 41.93
Dycom Industries
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 6 new highs and up 18.17%
- Relative Strength Index 65.58%
- Barchart computes a technical support level at 78.78
- Recently traded at 84.34 with a 50 day moving average of 75.60
Alphabet
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 9 new highs and up 14.93% in the last month
- Relative Strength Index 73.06%
- Barchart computes a technical support level at 736.69
- Recently traded at 754.01 with a 50 day moving average of 674.09
Bank of the Ozarks
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 13 new highs and up 16.72% in the last month
- Relative Strength Index 66.97%
- Barchart computes a technical support level at 49.98
- Recently traded at 50.93 with a 50 day moving average of 45.06
