Oppenheimer's 10 'Best Of The Best' Technical Buy Ideas

Oppenheimer technical analyst Ari Wald’s new report out this week highlight’s the firm’s 10 “Best of the Best” stocks to buy on technical strength. Here’s a breakdown of the 10 names included in the report.

1. Gilead Sciences, Inc. GILD

Wald points out that Gilead’s stock recently resumed an uptrend after a broad pullback that started in the second half of 2014.

2. Biogen Inc BIIB

Wald points out the series of higher lows that Biogen has made during its textbook uptrend that began in mid-2013.

3. Intuit Inc INTU

Intuit has also been forming the familiar staircase pattern associated with a technical uptrend, repeatedly establishing higher highs and higher lows since late 2013.

4. Red Hat Inc RHT

In late 2014, Red Hat broke above a resistance line that had been holding string since mid-2012, and the stock hasn’t looked back since.

5. E*TRADE Financial Corp ETFC

After spending most of 2014 range-bound, E*TRADE is now making new highs in 2015.

6. Charles Schwab Corp SCHW

After a brief pullback, the uptrend in Charles Schwab appears to be resuming.

7. Amazon.com, Inc. AMZN

Amazon is once again making new all-time highs, following through on its breakout following Q1 earnings.

8. Apple Inc. AAPL

The share price of the world’s largest public company continues its steady march higher since its 2013 bottom.

9. CVS Health Corp CVS

CVS Health’s stock recently provided yet another technical breakout to new all-time highs.

10. Marathon Petroleum Corp MPC

Marathon recently sprung out of the consolidation phase it has been in for most of the year to reach new highs.

Disclosure: the author holds a short position in Amazon.