TradingMarkets 7 Stocks You Need to Know for Thursday: DAL, YHOO, LLY, AMZN, BJ, TUP, BLK
For traders and investors following midcap stocks, the airlines sector were a source of strength in the form of the gains in stocks like ^JBLU^ and ^ALK^. Both stocks broke out to new short term highs on Wednesday.
Among the companies reporting earnings on Thursday are ^AXP^, ^CAT^, and ^T^. Down two out of three days ahead of its scheduled earnings announcement on Thursday are shares of ^SNDK^.
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Here are 7 Stocks You Need to Know for Thursday.
Leading the airline group higher on Wednesday, shares of ^DAL^ soared by more than 10%. The close marked the stock’s first above the 200-day moving average since early August.
A two-day pullback in ^YHOO^ was enough to bring out buyers in Wednesday’s trading. Shares of Yahoo! gained 2% and continue to hold ground above the 200-day.
Trading near year-to-date highs only two days ago, shares of ^LLY^ pulled back by well over 3% ahead of trading – and a quarterly earnings announcement – on Thursday.
The pullback in LLY puts the stock at its most oversold levels since climbing above its 200-day moving average in early September.
Also pulling back above the 200-day is ^AMZN^ (below). Amazon.com is scheduled to report quarterly earnings after the bell on Thursday.
Shares of Amazon.com have closed lower for two out of the past three days.
A three-day pullback in shares of ^BJ^ has put the stock at its most oversold level since mid-August.
Down four out of the past five trading days, shares of ^TUP^ (below) have pulled back toward levels from which they have historically outperformed the average stock in the short term.
The stock spent virtually the entire summer trading below its 200-day moving average. TUP again closed back above that level and the end of September.
^BLK^ continued to move lower below the 200-day, dropping by nearly 3%. The stock had become overbought over the past week and have spent four out of the past five days closing lower.
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David Penn is Editor-in-Chief at TradingMarkets.com.