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Wednesday
Dec122012

Most Overbought and Oversold S&P 500 Stocks

While the S&P 500 is just barely above its 50-day moving average, there are quite a few stocks that have moved well above their 50-days over the last couple of weeks.  Below is a list of the 40 S&P 500 stocks that are currently the farthest above their 50-days.  As shown, all 40 are more than 8% above their 50-days, with First Solar (FSLR) leading the way at +31.99%.  Abercrombie & Fitch (ANF), Genworth Financial (GNW), TripAdvisor (TRIP) and Netflix (NFLX) round out the top five, and all of them are more than 20% above their 50-days.

There is a lot of sector representation on the list of most overbought stocks, but Tech stocks make up 9 of the top 20.  And while it's down 27% year to date, Dell (DELL) is even on the list at +10.94% above its 50-day.  It's been awhile since Dell made any kind of overbought list.

Below is a list of the 40 S&P 500 stocks that are the farthest below their 50-days.  All 40 stocks listed are more than 5% below their 50-days.  At the top of the list is Best Buy (BBY), which is 19.32% below its 50-day and now down 47.60% year to date.  Freeport-McMoRan (FCX), Kohl's (KSS), VeriSign (VRSN) and JC Penney (JCP) round out the top five.  

The most notable name on the list of oversold stocks is Apple (AAPL), which is currently 9.41% below its 50-day.  Who would have thought a few months ago that Apple would be sitting 9% below its 50-day and Dell would be sitting 11% above its 50-day in early December?