If you are looking for some stocks to short, here is a list of the most overbought stocks on the S&P 1500 Index:
Some stocks in the index are trading at extremely overbought levels. There are 25 stocks in the index currently trading more than 25% above their 50-days including, Patriot Coal (PCX) is the furthest above its 50-day at 47%.
Patriot Coal (PCX) is followed by Tuesday Morning (TUES) 46%, Methode Electronics (MEI) 45%, New York Times (NYT) 42%, US Steel (X) 37%, and Century Aluminum (CENX) 37%. Ford (F) is also on the list at 30.61% above its 50-day and its my favourite short play.
The S&P 1500 is currently trading well above its 50-day moving average, and 84% of the stocks in the index are above their 50 days SMA.
Table: B.I.G. Website
2 comments:
The lists appear to be about 3 months old.
because of today`s sell off?
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