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Amazon, eBay, Sprint: A Look at the Most Overbought and Oversold Names in the S&P 500


Oversold names on the list are likely value traps.

MINYANVILLE ORIGINAL Here is an update on our most Overbought and Oversold names in the S&P 500 (INDEXSP:.INX). We only listed charts for widely held names that were Overbought, which include: eBay (NASDAQ:EBAY), Amazon (NASDAQ:AMZN) Sprint (NYSE:S) and MetroPCS Communications (NYSE:PCS). Oversold names on the list, in our opinion, are value traps and should not be purchased.

You will also notice in our charts that we list Approaching Overbought and Overbought; our platform recommends reducing 50% exposure at Approaching Overbought and 100% at Overbought. We also have an Extremely Overbought reading; currently no names are Extremely Overbought.

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No positions in stocks mentioned.
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