Most Overbought/Oversold Stocks

The following is a list of the most overbought and oversold stocks in the S&P 500 index.

click to enlarge

Click here for an explanation of the indicator.

Comments

[Chungst]

Thanks for the information -- would it be possible to provide a legend or help explain the different colors, the rationale for hash marks and circles, etc.

[Jonathan Liss, SA Editor]

The legend can be obtained by clicking the link included under the image.

[phlash]

I checked out description...needs an explanation on ANR and Money Flow...but I love the chart...

[Breadman]

Picture is worth 1000 words, Thank you!!

[marcos]

How long can it continue being 'oversold'?

[mephisto]

marcos:

A fundamental-analysis guy might answer: "as long as it wants to." (Ex: super-cat events do not care what your statistical model predicts for an individual security.)

However, since stock prices cannot go negative, a more correct answer might be: "as long as it wants to... or until it hits zero for enough days that zero finally falls within 1 standard deviation of the 50day moving average. At which point-- congratulations-- your security is no longer oversold."

[benjamin6]

Ok, so I' m a new to t analyss. I understand, I believe, that if the stock is over sold, it may be udervalued, and if it's oversold it may be overvalued. These values are then based on 50 day moving averages.
Are the target prices listed here also based on 1 SD of the mean of the trading range, or are they based on further expert analysis of the fundamentals of the company, along with news, and sentiment about the stocks immediate future?