NEW YORK (TheStreet) -- Here are four stocks to watch with exceptional relative strength and technical momentum.DY data by YCharts
Dycom Industries, a telecommunications infrastructure company, has been a steady gainer with outstanding relative strength. It's been in a beautiful 11-month up-channel, rising from the mid-$20's last November to Wednesday's close of $77.79. The company, which provides installation and other construction services to the telecom industry, has run on no specific news. The recent market pullback did give it a little dip to the 50-day moving average, but it went right back up to resistance. The target is the channel top near $95 going forward.
2. Juno Therapeutics (JUNO)
Juno Therapeutics has outstanding relative strength in the biotech sector. While the biotechs have gotten whacked, Juno has rallied for six days in a row, up another $1.47 to $48.74 on 1.3 million shares on Wednesday. On Tuesday, an analyst at FBR & Co issued a bullish report. The stock has broken above key moving average and lateral resistance and reversed off its August low, and is now in an up-channel that points to $55 and then $60.
3. Statoil ASA (STO)
Norwegian oil company Statoil has been rallying for seven days in a row, buoyed by rising oil prices. The stock is up nearly 25% in the last week as of Wednesday's close at $17.37. The moving averages are crossing over, and the declining topsline has been taken out. However, the stock is a bit extended and right near lateral resistance from its July highs, so a pullback would provide a good opportunity for entry. Target is $19.50-.75 and maybe as high as the May top at $21.50-.75.
4. Weight Watchers International (WTW)
Diet company Weight Watchers, a swing trade pick of ours, is challenging resistance after breaking out of a recent consolidation on no news. The stock gained $0.38 to $6.98 on 1 million shares on Wednesday. A move above $7.11 should break it out, with a target near the channel top and lateral resistance at $9.00.