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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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Marketocracy Capital Management
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Barchart Portfolio Blogs
  • 5 NASDAQ 100 Picks 0 comments
    Feb 28, 2013 3:39 PM | about stocks: ADBE, CHKP, DISCA, MU, MYL

    Today's picks come from using Barchart to sort the NASDAQ 100 index for the stocks having the best Barchart technical indicators and charts. The list includes Adobe Systems (NASDAQ:ADBE), Check Point Software Technologies (NASDAQ:CHKP), Discovery Communication (NASDAQ:DISCA), Micron Technology (NASDAQ:MU) andMylan (NASDAQ:MYL):

    Adobe Systems

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 6 new highs and up 4.21% in the last month
    • Relative Strength Index 34.31%
    • Barchart computes a technical support level at 37.50
    • Recently traded at 39.86 with a 50 day moving average of 38.22


    Check Point Software Technologies (CHKP)

    (click to enlarge)

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 8 new highs and up 7.05% in the last month
    • Relative Strength Index 66.10%
    • Barchart computes a technical support level at 51.24
    • Recently traded at 52.81 with a 50 day moving average of 49.45


    Discovery Communications (DISCA)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 9 new highs and up 6.45% in the last month
    • Relative Strength Index 67.39%
    • Barchart computes a technical support level at 67.39
    • Recently traded at 75.25 with a 50 day moving average of 67.86


    Micron Technology (MU)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 8 new highs and up 6.01% in the last month
    • Relative Strength Index 63.83%
    • Barchart computes a technical support level at 7.84%
    • Recently traded at 8.32 with a 50 day moving average of 7.45


    Mylan (MYL)

    (click to enlarge)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 8 new highs and up 5.25% in the last month
    • Relative Strength Index 65.70%
    • Barchart computes a technical support level at 27.98
    • Recently traded at 29.58 with a 50 day moving average of 28.29
    Stocks: ADBE, CHKP, DISCA, MU, MYL
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