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Overbought, oversold stocks Aug 20

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updown_1 August 20, 2012 (Chinavestor) Home Inns & Hotels Management (NASDAQ:HMIN) rocks along with Sina Corp. (NASDAQ:SINA), Focus Media Holding (NASDAQ:FMCN) and to a certain degree with ReneSola Ltd. (NYSE:SOL). But investors have to exercise caution going forward for downside risk exceeds upside potential for these overbought stocks. Visit the chart below to find additional momentum stocks.

OB_20120820

NetEase Inc. (NASDAQ:NTES) fell out of grace last week after missing Street consensus. The stock hasn't reached theoretical lows yet! Scroll down to find more oversold stocks.

OS_20120820

Overbought A technical condition that occurs when prices are considered too high and susceptible to a decline. Overbought conditions can be classified by analyzing the chart pattern or with indicators such as the one above. A sharp advance from $15 to $30 in 2 weeks might lead a technician to believe that a security is overbought. Or, a security is sometimes considered overbought when the stock is trading out of its trading envelope and is approaching the theoretical high. It is important to keep in mind that overbought is not necessarily the same as being bearish. It merely infers that the stock has risen too far too fast and might be due for a pullback.

Oversold A technical condition that occurs when prices are considered too low and ripe for a rally. Oversold conditions can be classified by analyzing the chart pattern or with indicators such as the one above. A sharp decline from $30 to $15 in 2 weeks might lead a technician to believe that a security is oversold. Or, a security is sometimes considered oversold when the stock is trading below its trading envelope and is approaching theoretical lows. It is important to keep in mind that oversold is not necessarily the same as being bullish. It merely infers that the security has fallen too far too fast and may be due for a reaction rally.

aa_OBOS_expl_2weeks


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