U.S. stocks ended off their lowest levels of the Monday session, but oversold conditions have returned to markets like the S&P 500, the Russell 2000 and the Nasdaq 100 after Friday’s oversold bounce. Buyers were most aggressive in energy shares, sending stocks like ^BHI^ and ^CVX^ higher for a second day following recent pullbacks.
Scheduled to report quarterly earnings Tuesday before the market opens is ^WSM^. Reporting after the bell on Tuesday is ^PSUN^.
Here are 7 Stocks You Need to Know for Tuesday.
Buyers continued to ease back into semiconductor stocks on the first trading day of the week, with shares of ^BRCM^ up 1% and rallying into strength above the 5-day moving average.
Down for a second day in a row and into oversold territory above the 200-day moving average ahead of trading on Tuesday were shares of ^COH^ (below).
Shares of COH were last in oversold territory a month ago in mid-February, shortly after coming off the stock’s highest levels of the year.
Also in oversold territory above the 200-day, and down more than 3% alone, were shares of ^JWN^. JWN closed down Monday after closing higher for four days in a row.
^ADBE^ (below) closed in oversold territory for the first time since rallying above its 200-day moving average in December 2010.
Pulling back by well over 1% on Monday, shares of ADBE have closed lower for four consecutive trading sessions.
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The biggest gainer in the Nasdaq 100 in trading on Monday was ^FSLR^ (below).
Shares of First Solar had pulled back for the past three trading days – the past two in oversold territory above the 200-day moving average – before Monday’s big oversold bounce. FSLR closd higher by more than 5%.
Plunging back below its 200-day moving average when trading began on Monday were shares of ^SNE^. The stock dropped by more than 7%. Down 4% and oversold above the 200-day moving average ahead of trading on Tuesday were shares of ^HMC^.
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David Penn is Editor in Chief of TradingMarkets.com