TradingMarkets 7 Stocks You Need to Know for Friday (HD, LOW, SLE, KR, SWY, JWN, C)

Among the bigger gainers on a day when the stock market followed through to the upside were stocks like ^WFC^, which gained more than 4% to climb back above its 200-day moving average, and ^MSFT^ similarly back above its 200-day and up 3% on the session.

The Dow closed up more than 100 points while the Nasdaq gained nearly 30. Trading in shares of ^NI^ were temporarily halted on Thursday as the market digested news that the company was for sale.

Here are 7 Stocks You Need to Know for Friday.

Leading home improvement retailers ^HD^ and ^LOW^ continued to advance ahead of the final trading day of the week. Home Depot was up more than 5% on Thursday, while Lowe’s closed higher by well above 4%.

Profit-taking in ^SLE^ (below) sent the stock lower by nearly 1% in Thursday’s trading.

SLE chart

Shares of SLE have been largely rangebound for the past few weeks. Thursday’s close marked the stock’s fourth down close in the past five trading days.

Why not give yourself the gift of data-driven trading this holiday season? Click here to learn how to Trade Like a Top Tier Professional using The New Machine Lite.

Among the deepest pullbacks of the trading day on Thursday was the pullback of more than 9% in shares of ^KR^. (below)

KR chart

KR had closed higher for five days in a row prior to Thursday’s reversal. The stock was trading at its highest level since rallying back above its 200-day moving average in mid-September.

Also lower on the day were shares of ^SWY^, dropping by well over 4% and closing back below its 200-day.

Traders took profits in retailer ^JWN^ (below) on Thursday.

JWN chart

Down nearly 3% ahead of Friday’s trading, JWN is at its most oversold since mid-November.

Strength in financials helped shares of ^C^ close higher for a fourth consecutive trading day on Thursday. The stock finished up more than 2%.

With 16 backtested strategies for trading bull markets, bear markets and sideways markets, Short Term Trading Strategies That Work by Larry Connors and Cesar Alvarez may be the most important trading book you read this year. Click here to order your copy of Short Term Trading Strategies That Work today.

David Penn is Editor in Chief of TradingMarkets.com