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Oversold and Overbought Large-Cap Stocks: Weekly Update

Stocks that move too far too fast in one direction have a slight tendency to experience short-term price reversals. The following tables list S&P-100 stocks that are oversold or overbought as measured by the 14-day Relative Strength Index (RSI). Stocks with RSI above 70 are considered overbought and more likely to experience a short-term price decline, while stocks with RSI below 30 are considered oversold and more likely to rebound in the short term. Here are this week's lists of low-RSI and high-RSI stocks:

Oversold Stocks as of 12/06/2019

Ticker - Company Closing Price 50-Day Moving Avg. 200-Day Moving Avg. RSI
(14-Day)
CELG - Celgene Corp108.24 105.3296.63 6%
COST - Costco Wholesale Corp294.95 297.67268.83 28%
HD - Home Depot Inc214.28 229.53211.07 20%
ORCL - Oracle Corp54.83 55.3454.62 27%
QCOM - Qualcomm Inc83.82 82.0373.81 26%
WBA - Walgreens Boots Alliance Inc.58.63 57.3155.65 15%

Note: RSI = Wilder's Relative Strength Index. Oversold = (RSI < 30).

Overbought Stocks as of 12/06/2019

Ticker - Company Closing Price 50-Day Moving Avg. 200-Day Moving Avg. RSI
(14-Day)
ACN - Accenture Ltd202.55 190.79184.91 70%
AMGN - Amgen Inc233.77 213.19192.69 85%
CL - Colgate-Palmolive Co68.24 68.3170.20 70%
JNJ - Johnson & Johnson140.38 132.79134.91 81%
JPM - JPMorgan Chase and Co135.04 124.93113.93 73%
KO - Coca-Cola Co54.42 53.5351.12 75%
LLY - Eli Lilly & Company119.64 112.19115.49 83%
MRK - Merck & Co88.85 84.6682.68 80%
PEP - Pepsico Inc137.36 135.84130.21 71%
TGT - Target Corporation125.03 113.5992.80 72%
UNH - UnitedHealth Group Inc.280.19 250.77244.44 72%
VZ - Verizon Communications61.19 60.0258.21 77%

Notes:

Note: RSI = Wilder's Relative Strength Index. Overbought = (RSI > 70).

Bar Chart of Relative Strength Index (RSI) values for S&P 100 stocks