TradingMarkets 7 Stocks You Need to Know for Friday: CSCO, DELL, SYMC, LLTC, MEE, BIDU, HAL
The earnings miss by ^DIS^ helped add fuel to a selling fire on Thursday as the S&P 500 and Nasdaq both pulled back by more than 1%. Shares of DIS lost nearly 3%, closing at their most oversold levels in nearly a month.
Among the session’s top gainers were ^ACI^ and ^GME^. GME closed back above its 200-day moving average after a two-day pullback.
Here are 7 Stocks You Need to Know for Friday.
Shares of ^CSCO^ plunged by more than 16% on Thursday, dropping back below their 200-day moving average and retracing much of the stock’s advance since its late August low.
Pulling back by more than 3% ahead of trading on Friday were shares of ^SYMC^ (below).
Before Thursday’s sell-off, SYMC had closed higher for four consecutive trading days, including two closes in exceptionally overbought territory.
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Also among the bigger pullbacks in technology was the pullback of 4% by ^LLTC^, trading at its most oversold since mid-August.
Shares of ^HAL^ closed at a new year-to-date high on Thursday, gaining 4% and closing higher for the third out of the past four trading days.
HAL last closed in oversold territory after a two-day pullback at the end of October.
Also up among the energy sector were shares of ^MEE^ (below).
Massey Energy was up for a second day in a row, following through to the upside after a two-day pullback. Thurday’s close represented the highest in the stock since it broke out above its 200-day moving average nearly a month ago.
Off nearly 4% ahead of trading on Friday were shares of ^DELL^. The stock had been trading above its 200-day moving average for the past month, and traded below that level intraday on Thursday.
Closing at new year-to-date highs ahead of Friday’s open was ^BIDU^. The stock last closed in oversold territory in early November, pulling back for three days in a row above the 200-day moving average.
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David Penn is Editor in Chief of TradingMarkets.com