These scans find stocks which can be considered oversold based on Stochastic or by being at or below the lower Bollinger Band. It's critical to note that oversold can remain oversold for quite a while. Therefore, being oversold in & of itself should not necessarily be considered a buy 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 oversold condition. You may also want to consider whether the stock is near a support level, like a major moving average or an old low.
|Below Lower BB||Stocks which closed below their lower Bollinger Band.|
|Oversold Stochastic||Stocks with Oversold Stochastic.|
|Stochastic Buy Signal||A buy signal is given when the Stochastic is below the 20 oversold line and the %K line crosses above the %D line|
|Stochastic Reached Oversold||Stochastic (14, 3, 3) reached oversold levels by dropping below 20|
|Strong but Oversold||Strong Stocks which were Oversold.|
|Strong, Oversold and Reversal Signs||Strong Stocks which were Oversold and showing bullish reversal signals.|