With only the jobs report left on the week’s trifecta of potentially market making news, stocks were soaring higher into overbought territory. Up more than 15% on the day were shares of ^WFMI^. ^QCOM^ added more than 5%, and ^M^ gained more than 6%.
Here are 7 Stocks You Need to Know for Friday.
Retailers in general were among the better performing stocks on Thursday, with ^JWN^ and ^ROST^ up more than 6% and 5%, respectively and increasingly overbought in the short term.
On a day when most stocks were moving higher, shares of ^EXPE^ (below) pulled back by more than 5% on Thursday.
The stock closed at its most oversold since the beginning of October. EXPE had closed lower for two out of the past three trading days before Thursday’s sharp pullback.
Meanwhile, down more than 16% and crossing below its 200-day moving average intraday were shares of ^OWW^.
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Up three days in a row and increasingly overbought below its 200-day moving average is ^BZH^ (below):
BZH is scheduled to report quarterly earnings on Friday. The last time BZH was in overbought territory below the 200-day was in late October, shortly before closing lower for four out of the next five days.
Shares of United Continental Holdings ^UAL^ (below) pulled back by more than 3% on Thursday after a two-day rally.
UAL was recently at year-to-date highs when a pullback took the stock down to its most oversold levels since the beginning of September.
Bounding to new highs ahead of the company’s scheduled quarter earnings report on Thursday after the close were shares of ^SBUX^. Closing higher for fifth straight day, the stock gained more than 2% in Thursday’s trading.
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David Penn is Editor-in-Chief at TradingMarkets.com.