TradingMarkets 7 Stocks You Need to Know for Thursday: RF, WAG, CCL, NKE, SVU, JCP, COH

Stocks continued to drift higher in the light volume, holiday week. U.S. markets in particular show a bias toward the overbought.

Financials continued to be a focus for buyers, with both ^JPM^ and ^BAC^ up more than 2% and more than 3% respectively, and continuing to follow-through to the upside.

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Here are 7 Stocks You Need to Know for Thursday.

Among the smaller banks making gains on Wednesday were ^RF^, up more than 7% and increasingly overbought below the 200-day moving average.

Bounding higher by more than 5% ahead of trading on Thursday were shares of ^WAG^ (below).

WAG chart

WAG had pulled back for three days in a row, becoming increasingly oversold, before Wednesday’s big bounce.

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Soaring into overbought territory above the 200-day moving average were shares of ^CCL^, up more than 3% on Wednesday and closing higher for a third consecutive trading day.

Shares of ^NKE^ (below) pulled back by more than 5% on Wednesday.

NKE chart

The stock had been increasingly overbought above the 200-day moving average going into Wednesday’s retreat, closing higher for four consecutive trading days.

Rallying into overbought territory below the 200-day moving average after a gain of more than 4% on Wednesday were shares of ^SVU^.

Clothing retailers ^JCP^ and ^COH^ (below) pulled back by more than 2% and more than 3% respectively ahead of trading on Thursday.

COH chart

COH’s retreat puts the stock at its most oversold levels since the beginning of the month.

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