We use different technical tools to determine what stock stick out - all these before the market opens. This time we find the Overbought/Oversold indicator extremely useful. This tool picks up five stocks that are way oversold and thus offer turnaround opportunities today:

China Eastern Airlines (CEA), Sina Corp. (SINA), Sohu.com (SOHU), CNOOC Ltd. (CEO) and China Mobile (CHL). As the following Google chart suggests, their slip yesterday in percentage points are somewhat different, - chart here - however unusual big moves are best picked up by a stock specific tool - such as the overbought/oversold indicator.

Based on our daily screen, the above mentioned five stocks look very interesting for today. Wish you successful trading!

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Do you like this tool? Want to have it delivered to your desktop each morning? Sign up for Advanced Membership here.