Earlier in the week we detailed some overextended stocks, Oversold SMA 200, today we’ll be looking at Overbought Stocks SMA 100. Again, these stocks were found via Daily Stocks for the iPad; however, they can also be found on Smart Trading for the iPhone.
Overbought stocks generally forecasts that the spread between the price and the moving average will shrink, in this case potentially bringing the price down. Being SMA 100 this is a long term forecast and as always you should look for other technicals, as well as fundamental analysis to decide the timing on your trade.
By clicking the OS (Overextended Stocks) tab in Daily Stocks and choosing your Overbought or Oversold SMA, in this case Overbought SMA 200, you’ll get a screen similar to the one below:





We’ll limit the list to those displayed on screen (The full list has 2 additional stocks), consists of the following stocks [Click Ticker to See Chart]:
GR – Goodrich Corporation (The) Comm (NYSE) 20.6% Above SMA 100
RRC – Range Resources Corporation Com (NYSE) 17.6% Above SMA 100
VFC – V.F. Corporation Common Stock (NYSE) 13.5% Above SMA 100
GWW – W.W. Grainger, Inc. Common Stoc (NYSE) 9.5% Above SMA 100
BMY – Bristol-Myers Squibb Company Co (NYSE) 9.5% Above SMA 100
ORLY – O’Reilly Automotive, Inc. (Nasdaq) 9.5% Above SMA 100
ED – Consolidated Edison, Inc. Commo (NYSE) 6.8% Above SMA 100
PGN – Progress Energy, Inc. Common St (NYSE) 6.4% Below SMA 100