TradingMarkets 7 Stocks You Need to Know for Monday: NVDA, WYNN, MGM, EXPE, MSFT, NOK, NFLX
Stocks climbed back into overbought territory in both the S&P 500 Index and the bigger stocks of the Nasdaq (such as those in the Nasdaq 100). Leading market higher overall were stocks like ^JDSU^, which gained more than 11%, and ^CLX^, up more than 7%.
Among the more dramatic pullbacks on Friday was the drop of more than 17% by Expedia (more on Expedia below). The stock returned to oversold levels, albeit now below the 200-day moving average.
Here are 7 Stocks You Need to Know for Monday.
Among the better performing stocks in the S&P 500, ^NVDA^ (below) rallied by more than 2% on Friday.
Shares of NVDA had closed lower for four consecutive trading days before Friday’s big oversold bounce higher. The growing oversold conditions in the stock have been a topic this week in 7 Stocks You Need to Know.
Rallying to new 12-months highs on Friday were shares of ^WYNN^. The stock gained more than 7% after being rangebound for a month. Rival ^MGM^ reports quarterly earnings on Monday and was little changed in Friday’s session.
After trending lower for months, shares of ^EXPE^ plunged by more than 17% on Friday, closing below their 200-day moving average for the first time since August.
Down three days in a row and oversold above the 200-day moving average ahead of trading on Monday are shares of ^MSFT^ (below).
MSFT is at its most oversold since rallying above the 200-day moving average in early December. The stock was down 1% on Friday.
Shares of ^NOK^ managed to rally back above their 200-day moving average in early January. But a month later the stock is back below that level after a sell-off on Friday that took the stock down by nearly 14%.
Up more than 3% and closing higher for a third day in a row were shares of ^NFLX^ (below) on Friday.
Friday’s higher close marks the stock’s second consecutive close in overbought territory above the 200-day moving average.
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David Penn is Editor in Chief of TradingMarkets.com