TradingMarkets 7 Stocks You Need to Know for Thursday (JDSU, GMCR, EXPE, VOD, EMC, DELL, THOR)
Stocks in general trended sideways for most of Wednesday until later in the session when sellers returned to bring the market lower going into the close. Traders will meet largely neutral market conditions when stocks begin trading Thursday morning.
Among the stocks noted recently in 7 Stocks that continue to move lower are ^KFT^ and ^MCD^, both of which have now closed lower above the 200-day moving average for three days in a row. Higher for a fifth straight session and increasingly overbought below the 200-day moving average on Wednesday were shares of ^HPQ^.
Here are 7 Stocks You Need to Know for Thursday.
Among the deeper pullbacks on Wednesday was the retreat by more than 16% by ^GMCR^ (below).
The stock pulled back to close at its lowest levels since late August, and is again oversold above the 200-day moving average.
Two stocks in the Nasdaq 100 have closed lower for three consecutive trading days above the 200-day moving average: ^EXPE^ (below) and ^VOD^.
Shares of both EXPE and VOD have closed down for six out of the past sessions.
Off more than 3% on Wednesday and also closing lower for a third straight session were shares of ^EMC^.
Joining Hewlett-Packard in overbought territory below the 200-day is PC competitor ^DELL^ (below). Shares of Dell have closed higher for three out of the past four trading days.
Up by more than 4% on Wednesday were shares of ^JDSU^, which closed at their highest level since early May.
Closing below its 5-day moving average and off by more than 5% at midweek were shares of ^THOR^.
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David Penn is Editor in Chief at TradingMarkets.com.