TradingMarkets 7 Stocks You Need to Know for Wednesday: F, KMB, RIMM, CTAS, URBN, ANF, V
Among Tuesday’s biggest gainers were a number of stocks trading below their 200-day moving averages. Up nearly 3% were shares of ^MSFT^, while both ^AXP^ and ^BAC^ gaining more than 2% and 1% respectively.
A number of safety stocks were pulling back above their 200-day moving averages ahead of trading on Wednesday. These stocks include ^PG^ and ^HNZ^.
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Here are 7 Stocks You Need to Know for Wednesday.
Climbing toward year-to-date highs in trading on Tuesday was ^F^. The stock was up more than 1% on the day, closing higher for a fifth straight session.
Shares of ^KMB^ plunged by nearly 6% on Tuesday, crossing below its 200-day moving average intraday.
The stock has been trading above its 200-day consistently since mid-July. Tuesday’s pullback represents KMB’s third lower close in a row.
Increasingly overbought below the 200-day moving average was ^RIMM^ in trading on Tuesday. The stock has closed higher for four out of the past five trading days below the 200-day.
Pulling back by more than 2% on Tuesday was ^CTAS^ (below).
CTAS closed lower for a second straight session, moving closer to oversold territory above the 200-day moving average.
Retailer ^URBN^ was also among those stocks moving into overbought territory below the 200-day. The stock was up more than 2% in trading on Tuesday.
A three-day pullback into oversold territory continues to fuel the rally in shares of ^ANF^ (below).
Shares of ANF closed higher for a third day in a row, up more than 4% alone on Tuesday, after a three-day pullback that had taken the stock into oversold territory above the 200-day moving average.
Scheduled to report quarterly earnings Wednesday after the bell, ^V^ continues to trade around its 200-day moving average. Shares of Visa Inc. pulled back from above that level in Tuesday’s trading, losing just under 1%.
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David Penn is Editor-in-Chief at TradingMarkets.com.