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Watch These Most Overbought S&P 500 Stocks

Forbes - 22 Jul 2013 17:17
Watch These Most Overbought S&P 500 Stocks It was another positive week for stocks as the Dow Transportation Average led the way, gaining 2.3%, followed by a 1.2% gain in the Dow Utilities. Small caps were also strong with the Russell 2000 over 1.3%. Oil and gas was the top industry group, up over 2%, while the technology sector was hit hard as Microsoft Corp. (MSFT) was down 11% last Friday after testing its daily starc+ band early in the week. Given the S&P 500's rally from the late June lows, I was cautious in last week's column Shoul...
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