The Most Overbought And Oversold Stocks In The Russell 1,000

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Includes: AVGO, CSCO, EBAY, GRMN, IRM, ISRG, LVS, NVT, RDN, WDC, WYNN
by: Bespoke Investment Group

Hickey and Walters (Bespoke) submit: From our bi-weekly Sector Snapshot report over at Bespoke Premium, we see that just 20% of S&P 500 stocks are currently trading above their 50-day moving averages. There are less than 10% of stocks trading above their 50-days in the Financial, Consumer Discretionary, Energy and Telecom sectors. Below we highlight the stocks in the Russell 1,000 that are currently trading furthest above and below their 50-days.

Radian Group (NYSE:RDN), a provider of financial guarantee insurance, is by far the furthest below its 50-day at -60%. Although there are plenty of stocks that have taken it on the chin in recent weeks, there are also a number that have done well. Growth companies dominate the list of stocks trading furthest above their 50-days, with GPS maker Garmin Ltd. (NASDAQ:GRMN) ranking at the top at +27.05%. Other notables on the positive list are NAVTEQ Corp. (NVT), Las Vegas Sands Corp. (NYSE:LVS), Intuitive Surgical Inc. (NASDAQ:ISRG), SanDisk Corp. (SNDK), Broadcom Corp. (BRCM), Wynn Resorts Ltd. (NASDAQ:WYNN), Cisco Systems Inc. (NASDAQ:CSCO), eBay Inc. (NASDAQ:EBAY), and one of Warren Buffett's holdings, Iron Mountain Inc. (NYSE:IRM).