5 Nasdaq 100 Stocks Breakout

Despite some softness in the market this week I see 5 NASDAQ 100 stocks breaking out of their trading patterns. Among them are:

Microsoft (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Mondelez International (NASDAQ:MDLZ), Equinix (NASDAQ:EQIX) and Verisk Analytics (NASDAQ:VRSK).

Microsoft

Barchart technical indicators:

  • 64% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 18.75% in the last month
  • Relative Strength Index 77.83%
  • Barchart computes a technical support level at 48.15
  • Recently traded at 48.64 with a 50 day moving average of 42.94

Amazon.com

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 12.60% in the last month
  • Relative Strength Index 64.22%
  • Barchart computes a technical support level at 421.67%
  • Recently traded at 421.78 with a 50 day moving average of 384.14

Mondelez International

Barchart technical indicators:

  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 5.15% in the last month
  • Relative Strength Index 66.62%
  • Barchart computes a technical support level at 37.33
  • Recently traded at 38.37 with a 50 day moving average of 36.34

Equinix

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 9.27% in the last month
  • Relative Strength Index 71.98%
  • Barchart computes a technical support level at 240.64
  • Recently traded at 255.93 with a 50 day moving average of 235.43

Verisk Analytics

Barchart technical indicators:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 5.47% in the last month
  • Relative Strength Index 63.77%
  • Barchart computes a technical support level at 73.56
  • Recently traded at 75.04 with a 50 day moving average of 71.51

Disclosure: None.

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