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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
Sep 2020SusquehannaUpgradesNeutralPositive
Sep 2020B of A SecuritiesMaintainsNeutral
Sep 2020Wells FargoMaintainsOverweight

View More Analyst Ratings for LEN
View the Latest Analyst Ratings

 

Related Articles (DHI + LEN)

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

Latest Ratings

StockFirmActionPT
DISCitigroupMaintains175.0
AYLANoble Capital MarketsInitiates Coverage On29.0
SHOPSusquehannaInitiates Coverage On950.0
SICraig-HallumInitiates Coverage On50.0
WORKStephens & Co.Downgrades
View the Latest Analytics Ratings
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