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Twenty-two stocks in the Nasdaq 100 (NASDAQ:QQQ) have hit new highs as of the middle of June.
“We see their ability to reach this new price high ahead of the underlying index as an indication of relative strength,” Oppenheimer technical analyst Ari Wald said.
He picked eight stocks from the index as recommended Buys based on their charts.
Wald said ASML Holdings (ASML) is indicating a fresh breakout on its charts, while T-Mobile (TMUS) has its breakout intact, Intuitive Surgical is resuming its breakout and Trade Desk (TTD) is enjoying a year-long breakout.
In addition, four stocks are resuming their uptrends: Microsoft (MSFT), CrowdStrike (CRWD), Synopsys (SNPS) and Cadence Design Systems (CDNS).
