Twice-blessed stocks: When the charts and the fundamentals align

With these stocks, you might be able to have your cake and eat it, too.

Piper Jaffray sees some companies boasting bullish technical and fundamental outlooks.

Anadarko, PVH Corporation and Palo Alto Networks are its top picks, carrying overweight ratings — a minimum of 10 percent upside based upon the analysts' most recent price targets, and several positive technical indicators in the charts.

Chief market technician Craig Johnson told "Trading Nation" why these three culled from his proprietary list could be smart picks. Here are his reasons why.

• Cybersecurity stock Palo Alto Networks, from a fundamental perspective, has reported solid results and technically has reversed a major downtrend. On another technical note, the stock is showing improving relative strength. The stock has gained 34 percent this year.

• Energy company Anadarko Petroleum has a strong free cash flow and is technically showing a multiyear ascending triangle, with the next resistance coming in at $74 per share. The stock is up nearly 10 percent this year, above $58 a share in Monday's premarket.

• Piper Jaffray forecasts retail name PVH giving conservative forward 2019 guidance, and is a "solid beat-and-raise story." From a technical picture, the stock has successfully retested uptrend support and is poised for a new leg higher. Shares have risen 14 percent this year.

Bottom line: Piper Jaffray is recommending a handful of stocks sharing strong technical and fundamental outlooks.

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Trading Nation is a multimedia financial news program that shows investors and traders how to use the news of the day to their advantage. This is where experts from across the financial world – including macro strategists, technical analysts, stock-pickers, and traders who specialize in options, currencies, and fixed income – come together to find the best ways to capitalize on recent developments in the market. Trading Nation: Where headlines become opportunities.

Michael Santoli

Michael Santoli joined CNBC in October 2015 as a Senior Markets Commentator, based at the network's Global Headquarters in Englewood Cliffs, N.J.  Santoli brings his extensive markets expertise to CNBC's Business Day programming, with a regular appearance on CNBC's “Closing Bell (M-F, 3PM-5PM ET).   In addition, he contributes to CNBCand CNBC PRO, writing regular articles and creating original digital videos.

Previously, Santoli was a Senior Columnist at Yahoo Finance, where he wrote analysis and commentary on the stock market, corporate news and the economy. He also appeared on Yahoo Finance video programs, where he offered insights on the most important business stories of the day, and was a regular contributor to CNBC and other networks.

Follow Michael Santoli on Twitter @michaelsantoli

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