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Six stocks poised for a big drop
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Monday, September 14, 2009
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From Bespoke Investment Group:

The average stock in the S&P 500 is trading about 8% above its 50-day moving average, but the 25 stocks listed below are all more than 23% above their 50-days.

AIG is the most overbought stock in the S&P 500 at the moment, trading 59% above its 50-day. Eastman Kodak (EK) ranks second at 52.36%, followed by Textron (TXT), Advance Micro (AMD), Hartford Financial (HIG), and Genworth Financial (GNW).

If the market does see a pullback soon, these names will likely be some of the hardest hit as they move from overbought to neutral.

Read full article...

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Topics: Short Selling | Stocks
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