TradingMarkets 7 Stocks You Need to Know for Monday: WYNN, PCLN, RIMM, DRI, ADM, SLB, DF
The stock market edged higher and deeper into overbought territory ahead of trading on Monday. Gains in energy stocks continue to outpace those in other sectors like technology and financials.
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Here are 7 Stocks You Need to Know for Monday.
Up for a third day in a row and gaining more than 2% heading into Monday’s open are shares of ^WYNN^. WYNN closed at its highest level since near the beginning of the month.
^PCLN^ continued higher on Friday, gaining ground for a third straight session and adding more than 2% to its current rally.
PCLN had closed lower for five out of six trading days – two in very oversold territory above the 200-day moving average – before launching its multi-day rally streak.
Shares of ^RIMM^ (below) gapped lower on the open on Friday to finish the day off by more than 11%.
The sell-off in RIMM, which began in the afterhours on Thursday, puts the stock near oversold territory above the 200-day moving average.
Also lower after Thursday earnings announcement is ^DRI^. Shares of DRI pulled back by well over 4% after closing in overbought territory above the 200-day moving average for two days in a row.
One day in overbought territory was enough to bring out sellers in shares of ^ADM^ (below).
The lower close in ADM puts the stock down by more than 2% ahead of trading on Monday. ADM is not yet technically oversold.
Lower for a fourth day in a row but also not yet in oversold territory above the 200-day are shares of ^SLB^. While other oil stocks also pulled back on Friday, the selling in Schlumberger has been especially resilient.
Breaking out to a new short term high on Friday were shares of ^DF^ (below).
Shares of Dean Foods rallied by more than 2% to close above a short-term, four-day trading range above the 200-day moving average.
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David Penn is Editor in Chief of TradingMarkets.com