TradingMarkets 7 Stocks You Need to Know for Monday: NSM, SBUX, ANN, NDN, NKE, ADBE, AAPL
Industrial and energy stocks, many of which had pulled back along with the broader market, were some of the biggest attractions for buyers ahead of trading on Monday. Up more than 4% were stocks like ^X^, which bounced from a two-day pullback, and ^TSO^. Shares of Tesoro climbed by more than 8% after closing lower for four out of the previous five trading days.
Here are 7 Stocks You Need to Know for Monday.
Buyers surged into shares of ^NSM^ – a stock we highlighted earlier in the week in 7 Stocks You Need to Know.
Shares of NSM closed higher by more than 3%, rallying from a five-day pullback that took the stock into oversold territory above the 200-day moving average.
Traders took profits in shares of ^SBUX^ (below) ahead of trading on Monday.
SBUX had closed higher for six days in a row, the past four in overbought territory above the 200-day, before Friday’s pullback of more than 3%.
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Reporting quarterly earnings before the market opened on Friday, shares of ^ANN^ gapped up at the open to close higher by more than 12%.
Also up sharply at the open on the final trading day of the week were shares of ^NDN^. The stock finished the day up by more than 17% and well within overbought territory above the 200-day moving average.
Shares of ^NKE^ (below) closed in oversold territory above the 200-day moving average on Friday.
The pullback of more than 1% in NKE represents the stock’s third consecutive lower close.
Also down for a third session in a row, though not yet oversold above the 200-day moving average, is ^ADBE^. The stock has not closed in oversold territory since rallying back above its 200-day moving average early in the first half of December 2010.
Up more than 1% on Friday were shares of ^AAPL^ (below).
Shares of Apple had closed lower for three out of the previous four trading days before Friday’s bounce. The pullback in Apple took the stock into oversold territory above the 200-day moving average for only the third time this year.
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David Penn is Editor in Chief of TradingMarkets.com