12 of the most-overbought stocks

The list shows confidence in the consumer. Homebuilders also get some love.

By Kim Peterson Feb 9, 2010 2:05PM
Save on shopping  © Photodisc / Getty ImagesOversold stocks are at their highest level since March 2009.

The latest numbers show that 305 stocks in the S&P 500 are oversold, while only 25 are overbought, according to Bespoke Investment Group. (In this case, oversold and overbought mean stocks that are more than one standard deviation from their 50-day moving averages.)

Bespoke looked for trends among the 25 overbought stocks, the ones that have risen too far too fast and are in danger of crashing. They found many consumer plays, showing the market is feeling much better about the consumer compared with a year ago.

Another hot area is the homebuilding sector, which just a year ago was at the heart of the bear market, according to Bespoke.

Here are 12 of the top overbought stocks, their industries and their trading prices on Tuesday:

Airgas (ARG) -- Industrial Gas -- $60.88
Hasbro (HAS) -- Toys -- $34.89
Lexmark (LXK) -- Computer storage -- $33.16
Tyson Foods (TSN) -- Meat and packaged food -- $15.39
AON Corp (AON) -- Insurance broker -- $39.74
Estee Lauder (EL) -- Personal products -- $56.11
Burlington Northern (BNI) -- Railroads -- $99.81
DR Horton (DHI) -- Homebuilder -- $12.88
Eastman Kodak (EK) -- Photo products -- $5.91
Sara Lee (SLE) -- Packaged Foods -- $12.68
Darden Restaurants (DRI) -- Restaurants -- $38.27
Family Dollar Stores (FDO) -- Discount retail -- $31.75

13Comments
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

113
113 rated 1
268
268 rated 2
422
422 rated 3
632
632 rated 4
512
512 rated 5
518
518 rated 6
682
682 rated 7
523
523 rated 8
343
343 rated 9
124
124 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
KOGKODIAK OIL & GAS Corp10
COPCONOCOPHILLIPS9
TAT&T Inc9
DVNDEVON ENERGY CORPORATION9
EOGEOG RESOURCES Inc9
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.