Most Overbought S&P 500 Stocks

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Includes: ADM, AET, AMAT, BA, CI, COL, DFS, DUK, EOG, ES, ESRX, FIS, HPQ, IBM, ISRG, LMT, MCHP, MRO, NI, NOC, NVDA, NVLS-OLD, RTN, SCG, SPY, SYMC, TDC, TSS, UNH, VIA, XOM
by: Bespoke Investment Group

The market finally experienced a 1% pullback yestesrday after going quite awhile without one. Investors are already wondering if this is the start of a more significant correction. If it is, the stocks that ran up the most during the rally will likely experience the biggest declines.

For those interested, below is a list of the 30 most overbought stocks in the S&P 500 at the moment (click to enlarge). All of them are trading more than two standard deviations above their 50-day moving averages.

Click to enlarge