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4 Stock Charts That Oppenheimer Likes

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4 Stock Charts That Oppenheimer Likes

Oppenheimer recently released a report focused on identifying stocks with technical buy indicators in their charts.

Oppenheimer selected a hand full of charts that look particularly bullish from a technical perspective to highlight in the report.

Here are four charts featured in the report:

Lennar Corp (NYSE: LEN)

Analysts note a recent breakout above a resistance line that had been in place in Lennar's chart versus the S&P 500 since early 2014.

Analysts see this breakout as a sign that the stock is reversing higher after a multi-year bottoming process.

DR Horton Inc (NYSE: DHI)

DR Horton's chart versus the S&P 500 looks nearly identical to Lennar's, and analysts see a very similar breakout and reversing process leading to further upside.

The highs in the chart from early 2014 could still serve as resistance in the short-term.

Darden Restaurants Inc (NYSE: DRI)

Darden's price versus the S&P 500 was held down by a downward-sloping resistance line for most of 2013 and 2014.

However, after breaking out of the downtrend in late 2014, analysts see another recent breakout above late-2013 resistance levels as a sign the stock may have started a fresh bullish trend.

SEI Investments Co (NASDAQ: SEIC)

Analysts like several things about SEI's chart versus the S&P 500 so far in 2015.

The slope of the 200-day moving average has turned positive, and the stock has recently broken above two different resistance levels.

Other Names

The report lists Starbucks Corp (NYSE: SBUX), Reynolds American Inc (NYSE: RAI) and Marriott International Inc (NASDAQ: MAR) as three other stocks to buy based on technical analysis.

Latest Ratings for LEN

DateFirmActionFromTo
Dec 2019Initiates Coverage OnBuy
Oct 2019MaintainsBuy
Oct 2019MaintainsBuy

View More Analyst Ratings for LEN
View the Latest Analyst Ratings

Posted-In: OppenheimerAnalyst Color Long Ideas Technicals Analyst Ratings Trading Ideas Best of Benzinga

 

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