Short term oversold conditions resulted in a strong rally on Thursday, putting many oversold stocks back in the overbought column ahead of the final trading day of the week.
TradingMarkets 7 Stocks You Need to Know for Wednesday: BJ, LTD, MAT, SBUX, WMT, FCX, MA
Sellers continued to press their offensive on Tuesday, sending even more stocks tumbling toward oversold territory above the 200-day moving average ahead of trading on Wednesday.
TradingMarkets 7 Stocks You Need to Know for Friday: CSCO, DELL, SYMC, LLTC, MEE, BIDU, HAL
Technology stocks led by Cisco Systems pulled back, while energy stocks like HAL and MEE were on the move higher ahead of trading on Friday.
TradingMarkets 7 Stocks You Need to Know for Wednesday: HD, FDX, S, GS, EXPE, SBUX, JPM
Going into trading on Wednesday, traders are likely to encounter overbought conditions. Why? Read more in today’s 7 Stocks column, plus take note of our stocks to keep an eye on.
Monday Morning Coffee with TradingMarkets
Major Equity Indexes Rally to New Highs to End Week … S&P 500 SPDRS ETF (SPY) Closes in Overbought Territory Above 200-Day for Five Consecutive Sessions … Top Stock PowerRatings Stocks for Today Include: AMD, DDS, VZ … VIX Stretch Below 10-Day Grows Beyond 7% … Top ETF PowerRatings Funds for Today Include: XLU, XLP. IYZ.