TradingMarkets 7 Stocks You Need to Know for Tuesday: INTC, MSFT, RIMM, PG, MEE, WFMI, NFLX
Energy shares led the markets higher on Monday following the big end of week sell-off last week. Gainers include ^BHI^, up more than 1% as well as ^HAL^ and ^OXY^, up more than 2% and 3%, respectively. Technology, see Intel and Microsoft below, continued to be a focus of sellers, sending a number of tech stocks lower for a second consecutive session.
Among companies reporting quarterly earnings before the bell on Tuesday are ^ADM^, ^PFE^ and ^UPS^. After the close, ^ERTS^ and ^BRCM^ are among the companies making their quarterly announcements.
Here are 7 Stocks You Need to Know for Tuesday.
Down two in a row on the first trading day of the week were both ^INTC^ and ^MSFT^ (below).
Monday’s pullback has put shares of MSFT in oversold territory for a second time since the stock rallied above its 200-day moving average in early December.
Shares of ^RIMM^ have closed lower for three days in a row and are back in oversold territory above the 200-day.
Pulling back for three out of the past four trading days and closing in oversold territory above the 200-day on Monday was ^PG^ (below).
Shares of Procter & Gamble pulled back by more than 1% and are again oversold. PG was last oversold during a five-day pullback in the first half of January.
Among the best performing energy companies on Monday was ^MEE^. Shares of MEE gapped up at the open and ended the day higher by well-over 9%. The one-day rally marks the stock’s return to overbought territory above the 200-day.
A one-day dip into oversold territory above the 200-day moving average was all it took to bring out buyers in shares of ^WFMI^ (below).
WFMI had been trending lower over the past several days after rallying to a new highs in the middle of January.
Is a pullback in high-flying ^NFLX^ at hand? A pullback of over 1% ahead of trading on Tuesday comes on the heels of the stock’s return to exceptionally overbought territory above the 200-day.
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David Penn is Editor in Chief of TradingMarkets.com