• Free Book
  • Store
    • Books
    • Free First Chapters
    • Free Newsletters
  • Recent Articles

TradingMarkets.com

Quantified Stock Market Trading Strategies & Systems

  • Home
  • New Trading Research
  • Education
    • Articles
      • Connors Research
      • ETFs
      • Options
      • Stocks
      • Volatility
    • Trading Lessons
    • Connors Research
    • Glossary
    • Interview Archive
    • Videos
  • Python
  • Quantamentals
    • Quantamentals: The Next Great Forefront of Trading and Investing
    • Quantamentals Resources
  • Courses
  • Store
    • New Book! The Alpha Formula
    • “Buy The Fear, Sell The Greed” – Best Seller!
    • Swing Trading College 2019
    • Trading Books and Guidebooks
    • Street Smarts
    • Online Trading Courses
    • Private Mentoring with Larry Connors
    • Customized Trading Research
    • Amibroker Strategy Add On Modules
You are here: Home / Stocks / Commentary / TradingMarkets 7 Stocks You Need to Know for Wednesday: BJ, LTD, MAT, SBUX, WMT, FCX, MA

TradingMarkets 7 Stocks You Need to Know for Wednesday: BJ, LTD, MAT, SBUX, WMT, FCX, MA

November 16, 2010 by David Penn

Ahead of scheduled earnings announcements from ^TGT^, a number of retailers were among the few stocks making gains on Tuesday. Leading the Russell 1000 was Urban Outfitters ^URBN^, up more than 11% and closing at new short term highs.

Technology remains a source of weakness in the market. Shares of ^GOOG^ closed lower for a sixth straight trading day, while ^AAPL^ closed down for a fourth. Both stocks pulled back by well over 1%.

Here are 7 Stocks You Need to Know for Wednesday.

Reporting quarterly earnings before the bell Wednesday morning, ^BJ^ pulled back for a fourth day in a row above the 200-day moving average on Tuesday.

Pulling back for a third day in a row – also on the eve of its quarterly earnings announcement – was ^LTD^ (below).

LTD is only recently off year-to-date highs and pulled back by well over 1% on Tuesday.

Have you seen The Machine? The Machine is the first financial software that lets traders and investors build quantified portfolios of backtested mean reversion and trend-following strategies. If you own an IRA or manage investments in excess of $100K, then you owe it to yourself to attend the next free, online presentation on The Machine by TradingMarkets founder and CEO, Larry Connors. To learn more and to save your spot, click here.

Rallying to new, year-to-date highs after a two-day pullback were shares of  ^MAT^.

Also pulling back from year-to-date highs over the past few days is ^SBUX^ (below):

Shares of SBUX are trading at their most oversold since mid-October. Tuesday’s sell-off brought the stock lower by more than 3%.

After a four-day pullback, shares of ^WMT^ gained more than 1% intraday on Tuesday before retracing over a third of the session’s gains. The stock still managed to close above its 5-day moving average.

Down more than 4% and closing lower for a third day in a row were shares of ^FCX^ (below) ahead of trading on Wednesday.

The last time shares of FCX were this oversold was at the end of a four-day pullback from mid-October.

^MA^ pulled back by more than 4% in trading on Tuesday. Now in oversold territory above the 200-day moving average, the stock has pulled back by more than 7% over the past four days.

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.

David Penn is Editor in Chief of TradingMarkets.com

 

Filed Under: Commentary, Recent Tagged With: Moving Average - 200-Day, Overbought, Oversold, Pullback, Short Term Trading Strategies That Work, stock market, stocks you need to know, Trading and Investing with The Machine

Buy The Fear, Sell The Greed

Buy The Fear, Sell The Greed

Swing Trading College

New Book From Larry Connors and Chris Cain, CMT – "The Alpha Formula; High Powered Strategies to Beat The Market With Less Risk"

We’re excited to announce the release of a new investment book written by Larry Connors and Chris Cain, CMT. The book, “The Alpha Formula; High Powered Strategies to Beat The Market With Less Risk “ combines… Hedge fund legend Ray Dalio’s brilliant insight into combining uncorrelated strategies… With new, minimally correlated, quantified, systematic strategies to trade… [Read More]

Buy The Alpha Formula Now

Connors Research Traders Journal (Volume 57): 7 Real-World Reasons Why Short Strategies Should Be Included In Your Portfolio

In our new book, The Alpha Formula – High Powered Strategies to Beat the Market with Less Risk, we show the benefits of including short-strategies in your portfolio. As a reminder, building portfolios should be based on First Principles – otherwise known as truths. These truths are: Markets Go Up Market Go Down Markets Go… [Read More]

Company Info

The Connors Group, Inc.
185 Hudson St., Suite 2500
Jersey City, NJ 07311
www.cg3.com

About Us

About
Careers
Contact Us
Link To Us

Company Resources

Help
Privacy Policy
Return Policy
Terms & Conditions

Properties

TradingMarkets
Connors Research

Connect with TradingMarkets

Contact

info@cg3.com
973-494-7311 ext. 628

Free Book

Short Term Trading Strategies That Work

© Copyright 2020 The Connors Group, Inc.

Copyright © 2023 · News Pro Theme on Genesis Framework · WordPress · Log in