Oppenheimer recently released a report focused on identifying stocks with technical buy indicators in their charts.
After analyzing the healthcare and energy sectors, Oppenheimer chose five stocks to highlight as technical buys.
Amgen Inc AMGN 1.05%
After a brief pullback to previous resistance levels, analysts see a continuation of Amgen’s breakout on a chart versus the S&P 500 above a level that had previously kept the stock down for more than a decade.
UnitedHealth Group Inc UNH 2.53%
United also recently broke above 2005 highs versus the S&P 500. The previous high could serve as a support level moving forward.
Medtronic Plc MDT 1.34%
In late 2014, Medtronic finally broke above a resistance level that it had repeatedly failed to penetrate for over a year on a chart versus the S&P 500.
Analysts see room to the upside before the stock finds another potential resistance level.
Kinder Morgan Inc KMI 1.94%
Analysts see the stock’s recent underperformance as a “tactical pullback” and a buying opportunity. The stock seems to have found recent support at the 200-day moving average on its chart versus the S&P 500.
Marathon Petroleum Corp MPC 3.26%
In early 2015, Marathon broke out of a pennant formation that had been forming in its chart versus the S&P 500 since early 2013.
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