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. But some stocks are trading at extremely overbought levels. There are 25 stocks in the index currently trading more than 25% above their 50-days. As shown below, Patriot Coal (PCX) is the furthest above its 50-day at 47.74%. PCX is followed by TUES (46.72%), MEI (45.01%), NYT (42.64%), X (37.88%), and CENX (37.09%). Ford (F) is also on the list at 30.61% above its 50-day, and Sears Holdings (SHLD) isn't far behind at 30.49%.
Hanmi Financial (HAFC) is trading the furthest below its 50-day moving average at -17.95%. GY, SONC, TNL, and SRDX round out the five most oversold stocks in the index. Other notables on the list of stocks below their 50-days include AIG, ANF, GPS, and C.
Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.