5 Nasdaq 100 Stocks For Momentum Investors - Wednesday, January 25

I wanted to find 5 Nasdaq 100 stock that would be of interest to momentum investors so I used Barchart to sort the Nasdaq 100 Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. Today's watch list includes:

Symantec (Nasdaq: SYMC), 21st Century Fox (Nasdaq: FOX), Adobe Systems (Nasdaq: ADBE), Charter Communication (Nasdaq: CHTR), Tesla Motors (Nasdaq: TSLA)

Symantec

Barchart technical indicators:

  • 88% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 13.17% in the last month
  • Relative Strength Index 80.73%
  • Technical support level at 80.73
  • Recently traded at 27.32 with a 50 day moving average of 24.82

21st Century Fox

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 7.51% in the last month
  • Relative Strength Index 66.63%
  • Technical support level at 29.51
  • Recently traded at 29.73 with a 50 day moving average of 28.13

Adobe Systems

Barchart technical indicators:

  • 88% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 8.46% in the last month
  • Relative Strength Index 76.79%
  • Technical support level at 111.98
  • Recently traded at 113.98 with a 50 day moving average of 105.58

Charter Communications

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 6.16% in the last month
  • Relative Strength Index 69.64%
  • Technical support level at 306.84
  • Recently traded at 308.54 with a 50 day moving average of 285.63

Tesla Motors

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20 50 and 100 day moving averages
  • 12 new highs and up 18.93% in the last month
  • Relative Strength Index 82.32%
  • Technical support level at 251.24
  • Recently traded at 252.48 with a 50 day moving average of 208.52

Disclosure: None.

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