Nearly 80% of the individual stocks in the S&P 500 are overbought, according to Bespoke....

|By:, SA News Editor

Nearly 80% of the individual stocks in the S&P 500 are overbought, according to Bespoke. Looking at a 5-year chart, the group notes this indicator is as mean-reverting as it gets. High levels of overbought stocks tend to move to low levels rather quickly.