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

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

DateFirmActionFromTo
May 2018PiperJaffrayAssumesOverweightOverweight
May 2018Morgan StanleyMaintainsEqual-WeightEqual-Weight
May 2018BarclaysMaintainsOverweightOverweight

View More Analyst Ratings for GILD
View the Latest Analyst Ratings

Posted-In: Ari Wald OppenheimerAnalyst Color Long Ideas Technicals Top Stories Analyst Ratings Trading Ideas Best of Benzinga

 

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