TradingMarkets 7 Stocks You Need to Know for Tuesday: NFLX, AMZN, DELL, FSLR, OXY, VZ, NBL
Stocks finished higher on the first trading day of the week. Among the day’s bigger gainers were stocks like Dell (more on Dell below) and ^LOW^, which gained more than 3%.
Profit-taking in energies caused ^BHI^ and ^NOV^ to experience modest 2% and 1% pullbacks, respectively.
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Here are 7 Stocks You Need to Know for Tuesday.
After a one-day pause, sellers are back at work in the market for shares of ^NFLX^. NFLX pulled back by another 2% on Monday, closing lower for a second day in a row.
Also pulling back for a second day on Monday were shares of ^AMZN^ (below).
Down by well over 2%, AMZN is back in oversold territory above the 200-day moving average.
Shares of ^DELL^ were among the better performing in the S&P 500 on Monday. Dell closed higher by more than 4%, contiuining to follow-through to the upside after a three-day pullback into oversold territory.
Closing in oversold territory for a second day in a row ahead of trading on Tuesday were shares of ^FSLR^ (below).
Monday’s down close is the stock’s fifth lower close out of the past six. FSLR closed lower by more than 5% on the day.
Shares of rangebound ^OXY^ (below) have closed lower for three out of the past four trading days.
OXY has not traded in oversold territory above the 200-day moving average in a month.
Telecommunications stock have continued to advance in the wake of their recent pullbacks. Up more a second session in a row after a three-day pullback were shares of ^VZ^ on Monday. The stock ended the day up by more than 2%.
Up more than 3% in trading on Monday were shares of ^NBL^ one of the unique sources of strength in the energies market at the beginning of the week.
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David Penn is Editor in Chief of TradingMarkets.com