Bespoke’s Look at Oversold DJIA Stocks

By on August 4, 2011

Bespoke Investment Group has determined that 15 of the 30 Dow stocks are in extremely oversold territory. They define extremely oversold as a stock trading 2 standard deviations below its 50-day moving average.

The most oversold stocks appear to be in the drug group (Merck, Johnson & Johnson and Pfizer).

Click on the chart to enlarge:

Source: Seeking Alpha

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