Heading into trading on Tuesday, some of the biggest edges in
Nasdaq stocks are in a variety of sectors, from consumer durables
to regional banks to technology.
Helen of Troy Ltd.
) pulled back by more than 1% on Friday to finish lower for five
out of the past six trading days. The stock began the session
already at "consider buying" levels with an 8 out of 10 rating. But
the renewed selling on the final trading day of the week helped the
stock earn a one-point upgrade to 9 out of 10, a rating that could
climb even further if sellers return next week to take HELE to new,
HELE has been trading in
bull market territory
only recently, climbing above its 200-day moving average initially
in early December and moving back up above that level on a more
consistent basis in the second half of that month.
Also earning high, "consider buying" ratings ahead of trading on
Tuesday were shares of regional bank,
Texas Capital Bancshares
). TCBI has closed lower for four days in a row, but are still
trading nearer to short-term highs than
, and the stock is not yet in technically oversold territory.
Should traders be in a selling mood next week when earnings reports
from major financial institutions likely will dominante the news,
additional profit-taking in TCBI is a very real possibility.
That said, TCBI already has a "consider buying" rating of 9 out
of 10, and will begin trading Tuesday morning with a short-term,
positive edge of three-quarters of a percent.
A sharp sell-off is well underway in the market for shares of
Marvell Technology Group
). The stock has pulled back for four days in a row, and is in
technically oversold territory less than a week after climbing up
above its 200-day moving average. In fact, the current
in MRVL is likely directly tied to the exceptionally overbought
conditions that developed in the stock as it rocked into bull
market territory early last week, closing higher for seven days in
a row - the last four at technically overbought levels.
Marvell Technology Group has "consider buying" ratings of 8 out
of 10 as of Friday's close. The stock has a positive edge of
more than one and a half percent in the short-term.
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is Editor in Chief of TradingMarkets.com.