It did this by luring deposits with a favorable tax treatment and what many euro-zone policy makers believe were exceptionally weak anti-money-laundering controls, turning Cyprus into a haven for tainted money, particularly from Russia.

WSJ: Cyprus Needs to Find a Quick Debt Fix

In addition to identifying stocks that are in the high-risk zone for new buying, the bands have also been very effective in identifying favorable investing opportunities, and this month, there are two stocks that look particularly attractive.

FORBES: The Dow's Most Overbought Stocks