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Overbought Stock Scans
These scans find stocks which can be considered overbought based on Stochastic or by being at or above the upper Bollinger Band. It's critical to note that overbought can remain overbought for quite a while. Therefore, being overbought in & of itself should not necessarily be considered a sell signal. Checking whether or not a stock is trending (use ADX, RSI, the slope of the trendline, etc.) can help in the determination of how much weight to put on an overbought condition. You may also want to consider whether the stock is near a resistance level, like a major moving average or an old high.
|Above Upper BB||Stocks which closed above their upper Bollinger Band.|
|Overbought Stochastic||Stocks with Overbought Stochastic|
|Parabolic Rise||Stocks which are in the midst of an extremely sharp rally. They are very extended and may be ripe for a pullback.|
|Stochastic Reached Overbought||Stochastic (14, 3, 3) reached overbought levels by rising above 80|
|Stochastic Sell Signal||A sell signal is given when the Stochastic is above the 80 overbought line and the %K line crosses below the %D line|
|Weak + Overbought||Weak Stocks which were Overbought.|
|Weak, Overbought and Reversal Signs||Weak Stocks which were Overbought and showing bearish reversal signals.|