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You are here: Home / Stocks / Commentary / TradingMarkets 7 Stocks You Need to Know for Tuesday: BP, MA, V, WYNN, FSLR, ADSK, GRMN

TradingMarkets 7 Stocks You Need to Know for Tuesday: BP, MA, V, WYNN, FSLR, ADSK, GRMN

November 1, 2010 by David Penn

Energy stocks were among the best performers on the first trading day of November, with stocks like ^COG^ and ^APC^ up more than 4% and 2%
respectively.

Pulling back above the 200-day moving average on Monday include ^JBL^, ^NOVL^ and ^BBY^.

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 of Short Term Trading Strategies That Work today.

Here are 7 Stocks You Need to Know for Tuesday.

Shares of ^BP^ were little changed ahead of the company’s scheduled quarterly earnings report on Tuesday. The stock crossed below its 200-day moving average back at the end of April
and has traded below that level consistently ever since.

Also reporting quarterly earnings on Tuesday is ^MA^ (below).

MA Chart

Shares of Mastercard have closed lower for two out of the past three days above the 200-day moving average. Also down on the day, but trading below its 200-day, were shares of
^V^.

Up more than 2% intraday and closing higher for a third consecutive trading day on Monday was ^WYNN^. Wynn Reports is scheduled to announce quarterly earnings on
Tuesday.

Pulling back for a second day above the 200-day moving average was ^FSLR^ (below).

FSLR Chart

Shares of First Solar lost another 1% in trading on Monday. Monday’s close was the lowest in the stock since early September.

Down more than 3% on Monday were shares of ^ADSK^. The stock had closed higher for seven out of the past eight trading days before Monday’s profit-taking.

Up more than 2% and closing higher for a second day above the 200-day moving average were shares of ^GRMN^ (below) on Monday.

GRMN Chart

Shares of Garmin have traded below their 200-day moving average since late spring, only trading above that level consistently since last week.

Markets only move in three directions: up, down and side to side. Click here to learn why combining quantified mean reversion (pullback) strategies with quantified trend following strategies can be an excellent way for traders and investors to put money to work in all of all market conditions.

David Penn is Editor-in-Chief at TradingMarkets.com.

Filed Under: Commentary, Recent Tagged With: 7 Stocks You Need to Know, PowerRatings, stock trading, Stock Trading Strategies, Stock Trading with Stock PowerRatings, trading stocks

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