Banks led the market higher on Wednesday, with stocks like JP Morgan Chase and Citigroup climbing into increasingly overbought territory above the 200-day moving average.
Buyers continued to move into energy shares that had pulled back in recent days. Also in today’s 7 Stocks You Need to Know, get a high probability take on the pullbacks in telecom.
Mixed markets characterized stocks on Monday with education services companies in particular coming under heavy selling below the 200-day. Big winners included Netflix and NVIDIA Corporation.
Retailers joined the pullback parade to end the week as sellers grew increasingly aggressive in financial stocks, as well. Read more of what’s in store when trading opens on Monday in our latest 7 Stocks You Need to Know.
Retail stocks joined stocks from the energy sector and telecommunications as a growing number of stocks continue to pull back above the 200-day moving average. Read more in today’s 7 Stocks You Need to Know.
Gold stocks continued to pull back on Wednesday, creating significantly oversold conditions headed into the second half of the week.
Oil stocks like Schlumberger and Halliburton were on the retreat ahead of Wednesday’s trading. Find out what other stocks are pulling back in our latest edition of 7 Stocks You Need to Know.
Stocks like Apple and Amazon.com rallied from short term, end of year pullbacks to start the new year. Find out which stocks are pulling back against the buying tide here at our latest 7 Stocks You Need to Know column.
Energies and resorts advance on the final trading day of 2010, while many of the most popular stocks of 2010 are experiencing profit-taking ahead of the new year.
Buyers shift toward energy stocks as small caps and Nasdaq 100 stocks begin to pull back.