Tuesday
May252010
Nearly 90% of S&P 500 Stocks Oversold
Tuesday, May 25, 2010 at 12:32PM As of earlier today, 449 (89.80%) stocks in the S&P 500 were trading at least one standard deviation below their 50-day moving averages. There haven't been this many oversold stocks in the S&P 500 since the depths of the Financial Crisis in 2008. The question investors have to ask themselves now is whether the current situation is bad enough to warrant the across the board selling that we have seen over the last several days.
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