30 Nasdaq 100 Stocks Furthest From 3-Year Highs

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Includes: OTPIX, PSQ, QID, QLD, QQEW, QQQ, QQQE, QQXT, SQQQ, TQQQ
by: Bespoke Investment Group

Summary

It has been a rough go of it for the Nasdaq 100 over the last few quarters.

While the index is "off the lows," it's still down 14% from its recent highs.

A few names had helped the index hold up a bit better than others - until recently.

It has been a rough go of it for the Nasdaq 100 over the last few quarters. While the index is "off the lows," it's still down 14% from its recent highs. Loaded with tech names and stocks with high upside momentum, a few names had helped the index hold up a bit better than others - until recently. But internals look a lot worse than headline results. As we show below, the 30 stocks in the index furthest from their three-year highs are down an average of 47%, and on average peaked in the first week of 2015. We've also included annualized declines from highs. For some, the drop has been extremely sharp. Incyte (NASDAQ:INCY) may be down about the same amount from recent highs as NetApp (NASDAQ:NTAP), but it has happened much quicker, more than twice as fast on an annualized basis.