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Here we report today’s 10 most overbought and 10 most oversold S&P 500 stocks, based on the RSI(14) indicator.

A reading above 70 usually indicates overbought conditions, while a reading below 30 reflects oversold conditions.

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Although we do provide other relevant data points, we’ll refrain from providing an in-depth discussion of these names – use this list as a starting-off point for your own analysis.

Most Overbought S&P Stocks

1. National Semiconductor Corporation (NSM): Semiconductor Industry. Market cap of $5.96B. RSI(14) at 91.48. The stock has gained 83% over the last year.

2. McDonald's Corp. (NYSE:MCD): Restaurants Industry. Market cap of $85.60B. RSI(14) at 78.91. The stock has gained 25.88% over the last year.

3. Sprint Nextel Corp. (NYSE:S): Wireless Communications Industry. Market cap of $16.66B. RSI(14) at 77.78. The stock has had a couple of great days, gaining 9% over the last week.

4. Expedia Inc. (NASDAQ:EXPE): Lodging Industry. Market cap of $7.53B. RSI(14) at 77.57. The stock has had a couple of great days, gaining 10.42% over the last week.

5. American Electric Power Co., Inc. (NYSE:AEP): Electric Utilities Industry. Market cap of $18.50B. RSI(14) at 76.68. The stock has gained 29.3% over the last year.

6. GameStop Corp. (NYSE:GME): Electronics Stores Industry. Market cap of $3.91B. RSI(14) at 76.41. The stock is a short squeeze candidate, with a short float at 26.13% (equivalent to 7.79 days of average volume). The stock has gained 29.98% over the last year.

7. Lorillard, Inc. (NYSE:LO): Cigarettes Industry. Market cap of $16.70B. RSI(14) at 75.39. The stock offers a good dividend, and appears to have good liquidity to back it up--dividend yield at 4.47%, current ratio at 1.66, and quick ratio at 1.5. The stock has had a good month, gaining 17.17%.

8. Reynolds American Inc. (NYSE:RAI): Cigarettes Industry. Market cap of $22.84B. RSI(14) at 74.94. The stock has gained 63.18% over the last year.

9. Dean Foods Co. (NYSE:DF): Dairy Products Industry. Market cap of $2.47B. RSI(14) at 74.87. The stock has had a good month, gaining 32.42%.

10. HJ Heinz Co. (NYSE:HNZ): Food Industry. Market cap of $17.17B. RSI(14) at 74.5. The stock has gained 20.81% over the last year.

Most Oversold S&P Stocks

1. Big Lots Inc. (NYSE:BIG): Discount, Variety Stores Industry. Market cap of $2.53B. RSI(14) at 9.79. It's been a rough couple of days for the stock, losing 11.36% over the last week.

2. Textron Inc. (NYSE:TXT): Conglomerates Industry. Market cap of $6.11B. RSI(14) at 18.22. This is a risky stock that is significantly more volatile than the overall market (beta = 2.75). The stock is a short squeeze candidate, with a short float at 8.4% (equivalent to 6.06 days of average volume).

3. The Goldman Sachs Group, Inc. (NYSE:GS): Diversified Investments Industry. Market cap of $70.33B. RSI(14) at 19.84. The stock has performed poorly over the last month, losing 11.51%.

4. Gap Inc. (NYSE:GPS): Apparel Stores Industry. Market cap of $11.23B. RSI(14) at 21.69. It's been a rough couple of days for the stock, losing 15.99% over the last week.

5. Hewlett-Packard Company (NYSE:HPQ): Diversified Computer Systems Industry. Market cap of $77.49B. RSI(14) at 22.03. It's been a rough couple of days for the stock, losing 10.03% over the last week.

6. Citigroup, Inc. (NYSE:C): Money Center Banks Industry. Market cap of $117.29B. RSI(14) at 22.24. This is a risky stock that is significantly more volatile than the overall market (beta = 2.56). The stock is a short squeeze candidate, with a short float at 13.31% (equivalent to 9.5 days of average volume).

7. Bank of America Corporation (NYSE:BAC): Banks Industry. Market cap of $115.72B. RSI(14) at 22.51. This is a risky stock that is significantly more volatile than the overall market (beta = 2.2). The stock has lost 25.6% over the last year.

8. Newell Rubbermaid Inc. (NYSE:NWL): Housewares & Accessories Industry. Market cap of $5.46B. RSI(14) at 23.53. The stock has gained 12.56% over the last year.

9. Janus Capital Group, Inc. (NYSE:JNS): Asset Management Industry. Market cap of $1.89B. RSI(14) at 25.47. This is a risky stock that is significantly more volatile than the overall market (beta = 2.68). The stock is a short squeeze candidate, with a short float at 9.04% (equivalent to 5.14 days of average volume).

10. Lexmark International Inc. (NYSE:LXK): Computer Based Systems Industry. Market cap of $2.30B. RSI(14) at 25.63. The stock has performed poorly over the last month, losing 21.26%.

*All data sourced from Finviz.

Source: Top 10 Most Overbought and Oversold S&P 500 Stocks