TradingMarkets 7 Stocks You Need to Know for Tuesday: AMZN, GS, C, GMCR, TSN, NFLX, JCG

A sale on financial stocks characterized much of the selling on the first day of trading this week, with shares of ^WFC^ and ^BAC^ helping lead the stock market lower early in the session.


The buyers’ offensive in retail pushed more stocks from this sector into overbought territory. Up for a fourth day in a row above the 200-day moving average were stocks such as ^TIF^, ^JWN^ and ^M^.


Here are 7 Stocks You Need to Know for Tuesday.


Also up for a fourth day in a row were shares of ^AMZN^. The best performing stock in the S&P 100 on Monday was up more than 3% on Monday.


Down more than 3% ahead of Tuesday’s open were shares of ^GS^ (below).


GS chart


Goldman Sachs closed lower for a second day in a row in trading on Monday. The stock is at its most oversold since rallying above its 200-day moving average early in the second half of October.


Why not give yourself the gift of data-driven trading this holiday season? Click here to learn how to Harness the Power of The Machine using The New Machine Lite.


Pulling back by more than 2% and down four out of the past five trading days was ^C^.


Shares of ^GMCR^ (below) soared by more than 18% after a two-day pullback.


GMCR chart


GMCR had closed lower for nine out of the past ten trading days before of Monday’s oversold bounce.


Up six days in a row and increasingly overbought below the 200-day moving average were shares of ^TSN^ (below).


TSN chart


Tyson Foods closed at its highest level since plunging back below its 200-day moving average early in the first half of September.


Shares of ^NFLX^ continued to follow through to the upside on Monday. Up nearly 9%, the stock’s three-day, oversold rally comes on the heels of a four-day pullback.


Up five out of the past six trading days, ^JCG^ gained more than 3% in another show of strength for the increasingly overbought retail sector.


Please note: An $8 per share ex-dividend was the cause of Wynn Resorts recent price drop noted in yesterday’s 7 Stocks You Need to Know, not selling in the stock. Shares of WYNN continued to advanced on Monday, gaining more than 2%.


With 16 backtested strategies for trading bull markets, bear markets and sideways markets, Short Term Trading Strategies That Work by Larry Connors and Cesar Alvarez may be the most important trading book you read this year. Click here to order your copy ofShort Term Trading Strategies That Work today.

David Penn is Editor in Chief of TradingMarkets.com