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These stocks could get hammered during a correction
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Thursday, March 18, 2010
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From Bespoke Investment Group:

Yesterday morning we noted that 85% of S&P 500 stocks were trading above their 50-day moving averages. By the close, however, that number had jumped to 89%.

Below we highlight the S&P 500 stocks that are trading the farthest above their 50-days. Typically the most overbought names on the list will be about 10-15% above their 50-days, but at the moment there are 33 stocks in the index with readings of more...

Read full article (with chart)...

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Topics: Trading Ideas | Stocks
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