24/7 Wall St. has partnered with The Chart Lab to feature the standout names in the S&P 500 over the last week. This weekend’s chart represents the strongest names in the S&P 500 as the close of Friday April the 13th based on the www.chartlabpro.com proprietary statistical and technical algorithm.
The following stocks have exhibited the strongest chart patterns: AutoZone Inc. (AZO); Chipotle Mexican Grill, Inc. (NYSE: CMG); The Home Depot, Inc. (NYSE: HD); Intel Corporation (NASDAQ: INTC); Intuitive Surgical, Inc. (NASDAQ: ISRG); Philip Morris International, Inc. (NYSE: PM); Red Hat, Inc. (NYSE: RHT); Sempra Energy (NYSE: SRE); Unitedhealth Group, Inc. (NYSE: UNH); and Whole Foods Market, Inc. (NASDAQ: WFM).
These names year to date have outperformed the S&P 500 by 12.92%. During the month of April these particular stocks have risen an average of 0.66% while the S&P 500 has actually fallen by a rate of -3.31%.
As always, past performance is not indicative of future results. These results for the strongest names are updated daily and stronger names do rotate daily into the composite of the top 10.
Currently the 10 stocks featured this week are not technically overbought, but they are approaching a overbought condition according to the methodology used by the Chartlabpro.com model.
The methodology from chartlabpro.com shows that a 5 rating is considered a Strong Buy and conversely a 1 is a Strong Sell. As a reminder, Chipotle, Intel, Philip Morris International, and Unitedhealth Group are due to report quarterly earnings in the coming days.
Featured exclusively for 24/7 Wall St. by ChartLabPro.com.
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