FYI: A few weeks ago we posted the trading range screen below highlighting the 30 largest stocks in the S&P 500 Energy sector. At the time, every single stock in the screen was at or near extreme oversold territory. Below is an updated look at the screen. For each stock, the dot represents where the stock is currently trading, while the tail end represents where the stock was trading one week ago. The black vertical "N" line represents the stock's 50-day moving average, while moves into the red or green zone are considered overbought or oversold. Generally speaking, stocks at the far right of the screen (extreme overbought) or the far left of the screen (extreme oversold) are due for some sort of mean reversion back towards their 50-days.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/11/17/sp-500-energy-sector-trading-range-screen.html?printerFriendly=true
