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 LEN 2.1%
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 DHI 2.11%
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 DRI 0.54%
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 SEIC 1.94%
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.
Read this article and all my other articles for free on Benzinga by clicking here
Want to learn more about the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!