Are you looking for over-extended stocks to sell? Here is a look at the most overbought securities in today’s market.
Investors can use this list to find potential candidates to sell before they begin to pull back.
The most overbought candidates included in this list meet a number of criteria. First, each of the securities boasts a 14-day RSI reading above 70, deeming them to be in “overbought” territory and ripe for a correction. Second, we apply a liquidity screen to eliminate the more thinly-traded securities out there. More specifically, the list excludes equities with a market cap below $10 billion and those with a five-day average trading volume below the 1 million shares mark; also excluded from this list are stocks trading below $10 a share.
As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques.
Most Overbought Stocks
| Ticker | Name | Price | 14-Day RSI | 1-Year Return |
|---|---|---|---|---|
| NFLX | Netflix Inc | $568.47 | 82.30% | 64.42% |
| BX | The Blackstone Group L.P. | $42.04 | 78.88% | 34.14% |
| SLB | Schlumberger N.V. | $93.73 | 77.39% | -6.19% |
| KMI | Kinder Morgan | $43.85 | 74.65% | 29.85% |
| SU | Suncor Energy Inc | $33.36 | 74.59% | -9.18% |
| MRO | Marathon Oil Corp | $31.12 | 74.54% | -15.27% |
| APC | Anadarko Petroleum Corp | $95.56 | 73.85% | -3.44% |
| PM | Philip Morris International Inc | $85.28 | 73.13% | 2.56% |
| PCYC | Pharmacyclics Inc | $257.64 | 72.42% | 187.06% |
| PRGO | Perrigo Company | $198.35 | 72.37% | 39.69% |
| APA | Apache Corp | $71.26 | 72.13% | -16.27% |
| COG | Cabot Oil & Gas Corp | $33.03 | 72.10% | -5.41% |
| RY | Royal Bank of Canada | $66.38 | 71.69% | -0.36% |
| CTRX | Catamaran Corp | $59.39 | 71.51% | 51.93% |
| HES | Hess Corp | $78.63 | 71.44% | -9.90% |
| BP | BP P.L.C. | $43.08 | 71.17% | -11.87% |
| EMN | Eastman Chemical Company | $76.07 | 70.80% | -14.12% |
| WMB | Williams Companies | $52.55 | 70.13% | 25.75% |
| INCY | Incyte Corp | $103.00 | 70.03% | 131.25% |
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