Selling intensified in the stock market on Friday, setting up widespread oversold conditions in a number of stocks.
Some of the sharpest pullbacks above the 200-day by sector took place among energy stocks. Pulling back by more than 3% ahead of trading on Monday were shares of energy companies such as ^NBL^ and ^CAM^.
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Above its 200-day moving average for the first time since early May was ^NVDA^ on Friday. The stock gapped to close higher by more than 5%.
Shares of ^MA^ (below) pulled back by more than 3% ahead of trading on Monday.
MA has closed lower for four out of the past five trading days. The stock is at its most oversold since climbing above its 200-day moving average in mid-October.
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Shares of ^INTC^ followed-through to the upside for a second day on Friday . The tech bellweather had closed lower for three days in a row previous to the current short term rally.
Among the companies scheduled to report quarterly earnings on Monday are retailers ^LOW^ and ^JWN^ (below).
Unlike Lowe’s, shares of Nordstrom are trading above their 200-day moving average. Friday’s pullback represents the stock’s most oversold levels in three weeks.
Pulling back by more than 3% above the 200-day going into Monday’s trading were shares of ^FCX^ (below).
FCX pulled back by more than 5% on Friday, closing at its most oversold since late October.
Rebounding from the previous day’s panic sell-off was ^DIS^ on Friday. The stock gained more than 5%, closing at new year-to-date highs.
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David Penn is Editor-in-Chief at TradingMarkets.com.