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It's been a long time since anyone called Bank of America (BAC -1.8%) the most overbought stock...

It's been a long time since anyone called Bank of America (BAC -1.8%) the most overbought stock in the Dow, but that's what Bespoke is saying, based on each stock's standard deviations above or below their 50-day trading range. Other Dow stocks trading well into overbought territory: JPM, GE, INTC, HD, MSFT, MRK, MMM.
Comments (3)
  • msphar
    , contributor
    Comments (157) | Send Message
     
    BAC a money maker! Or taker.
    12 Jan 2012, 12:21 PM Reply Like
  • etsantes
    , contributor
    Comments (6) | Send Message
     
    can anyone out there explain to me how one would come up with that number. Do you take the BAC's SD over the last 50 days and see the % it is above or below the actual 50 MA? Does 2 SD above the 50 day ma mean that you multiply BAC's SD by 2? I see this often but not sure what the relevance is and definitely dont know how to figure it out. Some help would be appreciated.
    12 Jan 2012, 12:42 PM Reply Like
  • Allen Lo
    , contributor
    Comments (3) | Send Message
     
    so time to short BAC?
    12 Jan 2012, 12:49 PM Reply Like
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