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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)
  • BAC a money maker! Or taker.
    12 Jan 2012, 12:21 PM Reply Like
  • 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
  • so time to short BAC?
    12 Jan 2012, 12:49 PM Reply Like
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