TradingMarkets 7 Stocks You Need to Know for Monday: WFC, GMCR, ORCL, LVS, NSM, URBN, FSLR
Stocks continued to move higher on the final trading day of the week, extending overbought conditions in a variety of markets – from technologies to financials to energies.
But among the better performing stocks heading into the weekend were health care stocks like ^THC^ and ^LPNT^. Tenet was up an eye-popping 55%, while Lifepoint gained 5%.
Here are 7 Stocks You Need to Know for Monday.
^WFC^ continues to be among the main beneficiaries of the renewed buying interest in financial stocks. Shares of WFC gained again ahead of trading on Monday, closing again in overbought territory above the 200-day moving average.
Among the sharpest pullbacks on Friday was the sell-off of more than 9% in shares of ^GMCR^ (below).
GMCR had been trading in a range for the past several days before Thursday’s move lower.
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Closing higher for a fourth trading day in a row on Friday was ^ORCL^. The stock gained more than 2% and is increasingly overbought above its 200-day moving average.
Down three out of the past four trading days ahead of trading on Monday is ^LVS^ (below).
LVS pulled back by more than 2% in trading on Friday. Friday’s close marked the stock’s lowest closing level since mid-November.
A pullback of more than 7% drew shares of ^NSM^ back to its 200-day moving average on Friday. The stock rallied above its 200-day moving average at the beginning of the month, having traded below that level for most of the fall.
Shares of ^URBN^ (below) pulled back for a second day on Friday.
Select retail stocks have begun to experience profit-taking in recent days. URBN had been trending higher since mid-October, climbing back above its 200-day moving average in mid-November.
Up more than 3% in trading on Friday, shares of ^FSLR^ were among the better performing stocks of the Nasdaq 100 going into the weekend.
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David Penn is Editor in Chief of TradingMarkets.com