3 Nasdaq Stocks for Active Investors


With the Nasdaq leading both the Dow industrials and the S&P 500, the Nasdaq 100 might seem like an odd place to look for stocks that are both trading in bull markets and are pulling back toward levels where buyers have typically become aggressive. That said, there are a few stocks in the Nasdaq that have been moving lower in recent days [or "day" in the case of PC Connection ( PCCC )] below, and should these stocks continue to pullback, they could represent some of the few opportunties to buy weakness and sell strength in the current market.

Shares of Body Central Corporation ( BODY ) have closed lower for three days in a row, finishing trading on Friday in technically oversold territory above the 200-day moving average. The sell-off in BODY comes in the wake of the stock's recent move to new, 52-week highs in the final days of January, and marks BODY's second trip to oversold territory in 2012.

The last pullback in BODY was early in January. Then, a three-day sell-off that took the stock into oversold territory for two days led to a gain of more than 5% over the next three sessions.

Also pulling back in bull market territory ahead of trading on Monday are shares of PC Connection. Closing near its highest levels in a year on Thursday, the stock plunged in Friday's session, losing more than 19%. Despite the sell-off, PCCC remains in bull market territory and is trading on the edge of technically oversold levels.

Suffice to say that Friday's drop was the largest in the stock in more than a year. Shares of PCCC had gained sharply in November and December of 2011 and had spent January moving mostly sideways.

The final stock in today's report is Sanderson Farms ( SAFM ).

Shares of Sanderson Farms have earned neutral, 7 out of 10 ratings as of Friday's close, and have a positive edge of more than three-quarters of a percent in the short-term. SAFM has closed lower for three days in a row - five out of the past six - and have finished the last two sessions in technically oversold territory.

Want more stocks? Read our latest from 7 Stocks You Need to Know : Trading a Double Shot of Peet's Coffee and Tea .

David Penn is Editor in Chief of TradingMarkets/com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Stocks

Referenced Stocks: BODY , PCCC , SAFM

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