The retail sector will be back under the spotlight when trading begins on Monday as traders digest earnings announcements from Urban Outfitters and ^JCP^ among others.
Most sectors finished lower on Friday, setting up oversold conditions technology and extended oversold conditions in areas like the financials. Note that ^GS^ continues to trade lower below the 200-day moving average.
Here are 7 Stocks You Need to Know for Monday.
Up by more than 3% were shares of both ^ERTS^ and ^GME^ (below).
Shares of Gamestop Corp have have closed higher for five days in a row, with Friday’s close the first in overbought territory.
Closing in overbought territory above the 200-day moving average for two out of the past three trading days helped bring out the sellers in ^URBN^ ahead of the retailer’s scheduled earnings announcement on Monday.
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NVDA pulled back by nearly 11% in trading on Friday. The stock had closed higher for six days in a row – the last four in overbought territory above the 200-day.
Up nearly 2% ahead of trading on Monday were shares of ^NKE^. The stock continues to gain after rallying above its 200-day moving average at the end of April.
Scheduled to report quarterly earnings on Monday, ^LOW^ continues to drift lower, closing down for the second session out of the past three.
Shares of ^YHOO^ (below) have closed lower for five days in a row, and were down by more than 3% in trading on Friday.
Buyers stepped in to bid YHOO well-off its lowest levels of the session shortly after the stock opened. The pullback marks YHOO’s third consecutive close in oversold territory above the 200-day.
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David Penn is Editor in Chief of TradingMarkets.com