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.
Other Names
The report lists Starbucks Corp SBUX 0.96%, Reynolds American Inc RAI 1.6% and Marriott International Inc MAR 0.84% as three other stocks to buy based on technical analysis.
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