Trying to freshen up your portfolio?

As part of its "Fresh Ideas for Small, Mid & Large Cap Investors" report, Credit Suisse has compiled a list of "lowly owned" stocks with market caps of over $5 billion that it considers best in class and/or rates outperform.

Stocks included on the Swiss firm's list have been "lowly owned -- but not completely un-owned -- by actively managed, long only, U.S. focused funds," the July 14 report said.  The stocks either fall under Credit Suisse's favorable HOLT investment style  of high-quality stocks with strong momentum and cheap valuation or are outperform rated by the Credit Suisse.

Credit Suisse breaks its list down by sector. Of its favored tech stocks -- Citrix Systems (CTXS - Get Report) , F5 Networks (FFIV - Get Report) , Analog Devices (ADI - Get Report) , Micron Technology (MU - Get Report) , Activision Blizzard (ATVI - Get Report) , Gartner (IT - Get Report) and LinkedIn (LNKD)  -- only three had promising technical charts, according to TheStreet's chart expert, Bruce Kamich. (Kamich excluded LinkedIn due to its pending acquisition of Microsoft (MSFT - Get Report) .)

Check them out.

Citrix Systems

Citrix Systems is owned by 55 large-cap funds and 28 mid-cap funds as of July 12, according to Credit Suisse.

Bruce Kamich's Technical Analysis


In this daily chart of CTXS, we can see a strong move up from a February low. There is a bullish golden cross of the 50-day and 200-day moving averages in March. A dip last month to the 200-day average and a quick rebound shows that traders and investors are watching charts -- there's no other way to explain that kind of price action! A strong indicator is the on-balance-volume, or OBV, line which has been rising for the past 12 months. In the lower panel, there are no bearish divergences between the price action and the momentum or rate-of-change of prices.


In this three-year weekly chart of CTXS, above, we can see that prices are above the rising 40-week moving average. The weekly OBV line is up from the January low. The moving average convergence/divergence oscillator is bullishly aligned above the zero line, but the price weakness in June produced a liquidate-longs sell signal. CTXS should remain positive as long as the June low is not breached.

Activision Blizzard

Activision Blizzard is owned by 59 large-cap funds and 28 mid-cap funds as of July 12, according to Credit Suisse.

Bruce Kamich's Technical Analysis


ATVI looks constructive and heading still higher in this daily chart, above. ATVI is above the rising 50-day and 200-day moving averages. The daily OBV line is flat, but the weekly line is very supportive (see below). The momentum study is not signaling any bearish divergences to give us pause.


Most people would be in love with this chart, with prices above the rising 40-week moving average line. Unlike the daily OBV line, the weekly timeframe shows a steady rise for the past three years. Prices are up, and volume and the OBV line are confirming it. The MACD oscillator is bullish. I like the upside of ATVI as long as $36 is not broken on the downside.


Gartner is owned by just eight large-cap funds and 33 mid-cap funds as of July 12, according to Credit Suisse.

Bruce Kamich's Technical Analysis


In this 12-month daily chart of IT, we can see that prices were holding in a sideways trading range from July through April. In May there is a big breakout to the upside. There is a pullback before renewed price strength this month. The 12-day momentum study is not diverging bearishly from the price action.


In this weekly chart of IT, we can see that prices are rising above an upward sloping 40-week moving average line. The OBV line has been steady for the past two years, but there is a recent uptick. The MACD oscillator is in bullish territory above zero line, but the two lines of the indicator are narrowing.