5 Stocks That Are Overbought

I am a big believer in oscillators especially in trending stocks.  That may seem counter-intuitive but it works.  I really like to use the Slo Stochastic(14,3) because of some of the really good sell signals it can generate in a down trending market.  We are in the midst of bearish action on many stocks, and started  a rally recently, but when that rally reaches an overbought area in a down market that can signal a reversal in many cases.  Today I was scanning through 5 stocks that I believe have some are in the at overbought area and have potential downside.

EOG Resources (EOG)





(ABX)



(MON)


(CHK)



(NEM)




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Disclaimer: This article is intended to be informative and does not constitute a buy, hold, or sell recommendation., and should not be construed as personalized advice as it does not take into account your specific situation or objectives