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Wednesday
Nov212012

Close But No Cigar

The S&P 500 has pushed its way back above its 200-day moving average, but even after a 4-day winning streak, it couldn't quite get out of oversold territory (more than one standard deviation below its 50-day moving average).  Five sectors have managed to work off oversold levels this week, however -- Consumer Discretionary, Consumer Staples, Financials, Health Care and Materials.  While we've seen a nice bounce off the lows, all ten sectors remain below their 50-day moving averages (the black vertical line in the chart below).

Bespoke 50

If you are an investor who is looking for new stock ideas?  Each week we publish "the Bespoke 50," a list of our favorite growth stocks in the Russell 3,000.  To make the list of 50, a stock must have strong earnings growth prospects along with an attractive price chart based on Bespoke's proprietary fundamental and technical analysis.

The "Bespoke 50" is released on a weekly basis, and in it you'll find the 50 stocks that made the cut, price charts for each of them, and an Excel file that you can download as well.

If you're interested in finding the 50 growth stocks that Bespoke finds most attractive, become a Bespoke Premium member today.  Please click here to subscribe.