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. (NASDAQ: 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 (NASDAQ: 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 (NASDAQ: 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 (NYSE: 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 (NASDAQ: ETFC)
After spending most of 2014 range-bound, E*TRADE is now making new highs in 2015.
6. Charles Schwab Corp (NYSE: SCHW)
After a brief pullback, the uptrend in Charles Schwab appears to be resuming.
7. Amazon.com, Inc. (NASDAQ: AMZN)
Amazon is once again making new all-time highs, following through on its breakout following Q1 earnings.
8. Apple Inc. (NASDAQ: AAPL)
The share price of the world’s largest public company continues its steady march higher since its 2013 bottom.
9. CVS Health Corp (NYSE: CVS)
CVS Health’s stock recently provided yet another technical breakout to new all-time highs.
10. Marathon Petroleum Corp (NYSE: 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.
Latest Ratings for GILD
|Nov 2016||Stifel Nicolaus||Initiates Coverage On||Buy|
|Nov 2016||Mizuho||Initiates Coverage On||Buy|
|Nov 2016||BMO Capital||Upgrades||Market Perform||Outperform|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.