TradingMarkets 7 Stocks You Need to Know for Friday: EK, AMZN, SFD, AMD, LOW, AKAM, CIEN
While most of the stock market was relatively quiet, financials such as ^WFC^ continue to gain. The stock was up more than 2% on Thursday, closing higher for a second straight session. Overbought below the 200-day and up more than 5% on the day was ^BAC^.
Profit-taking in retail continued for ^AEO^^. Shares of AEO pulled back by more than 3% on Thursday, again nearing its 200-day moving average.
Here are 7 Stocks You Need to Know for Friday.
Shares of ^EK^ soared by more than 11% in Thursday’s trading. The rally took the stock back above its 200-day moving average after trading below that level since early June.
^AMZN^ (below) closed lower for a third day in a row ahead of trading on Friday.
At its most oversold since mid-November, shares of AMZN dropped just shy of 1% on Thursday.
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Also up big on Thursday were shares of ^SFD^. The stock gained more than 11% as it broke out above a trading range that had lasted for more than a week.
Pulling back by more than 2% on Thursday, just days after crossing back above its 200-day moving average, was ^AMD^ (below).
Shares of AMD moved back above their 200-day moving average at the beginning of the week. AMD most recently attempted a sustained move above its 200-day back in early November.
Profit-taking in ^LOW^ took the stock down by more than 1% on Thursday. It was the stock’s first significant pullback since climbing back above its 200-day moving average at the beginning of December.
Down nearly 3% on Thursday were shares of ^AKAM^ (below).
Thursday marked the second consecutive lower close for AKAM. The stock pulled back to its most oversold levels since mid-November.
Up by more than 15% on Thursday and overbought above the 200-day moving average is ^CIEN^. The company beat revenue expectations on Thursday, although per share earnings fell short.
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David Penn is Editor in Chief of TradingMarkets