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Stock Alert: The Most Oversold Names in the S&P 500


Consider selling JC Penney, Dell, Hewlett-Packard, and Alpha Natural Resources.

MINYANVILLE ORIGINAL After watching JC Penney (JCP) hit an extremely oversold level last week, we wanted to look at the four most oversold names in the S&P 500 (^GSPC). First, we do not use RSI as an indicator for Overbought or Oversold levels; we use our own proprietary indicator. We are very risk adverse, and trying to bottom-pick from the bottom, even in names that are extremely oversold -- is not a strategy we would recommend.

However, if you are a long term investor going out one to three years and a believer in these companies, it could be an entry point to start a position.

All of these names are rated a 1, which is a Strong Sell based on our proprietary algorithm.

Today in focus is JC Penney with a short covering rally. Other names on the top four are Dell (Dell), Hewlett-Packard (HPQ), and Alpha Natural Resources (ANR).

JC Penney:

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Alpha Natural Resources:

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To learn more about ChartLabPro's algorithm visit
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No positions in stocks mentioned.
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