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JimVanMeerten (55.78)

The Top 2 NASDAQ 100 Stocks

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February 09, 2016 – Comments (0) | RELATED TICKERS: MAT , FAST

Why only 2 stocks instead of the Top 5?  Because the market stinks!.  For me to feature a stock it must meet a minimum hurdle.  The stock must have technical buy signals of 80% or more, be trading above its 20, 50 and 100 Day Moving Averages and have a positive 50-100 Day MACD Oscillator.  Only 2 NASDAQ 100 stocks make the grade.

How bad is the market?  As I'm writing this post the majority of the 10,000+ stock in the Barchart database are trading below their 20, 50 and 100 DMAs.  Those trading above are:

29.19% above their 20 DMA15.55% above their 50 DMA14.74% above their 100 DMAThat's pretty bad. Agreed?
Ok, the 2 stocks making the grade are Mattel (MAT) and Fastenal (FAST).

Mattel (MAT)

Barchart technical indicators:

96% technical buy signals

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

8 new highs and up 17.45% in the last month

Relative Strength Index 70.55%

Technical support level at 30.87

Recently traded at 31.55 with a 50 day moving average of 27.04

Fastenal (FAST)

Barchart technical indicators:

80% Barchart technical buy signals

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

6 new highs and up 12.09% in the last month

Relative Strength Index 66.02%

Technical support level at 41.76

Recently traded at 44.03 with a 50 day moving average of 39.89

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