Additionally, pay attention to each asset to determined if they are over bought oversold.
Shares are up more than 11% since their last finish in oversold territory in mid-December.
It can be argued that many markets were just oversold and due for a corrective bounce.
Shares of Facebook were last in near-term oversold territory a little over a week ago.
On the other hand, the stock is very oversold and is due for a bounce.
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And investor sentiment is mixed but may also support a better oversold rally this time.
Two of the three most oversold are transportation by 25.9% and construction by 24.0%.
With the market highly oversold, we were once again on alert for a potential complexion change.
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Stocks are higher early Wednesday, so maybe we will now get an oversold bounce.
Daily momentum has recovered from its oversold status and is neutral to slightly positive.
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The McClellan Oscillator finally hit almost -80 on Friday, which indicates VERY oversold conditions.
It is trying to turn up, and is now oversold enough to fuel a rally.
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It will likely take a more broad-based drop before it can form a short-term oversold low.
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Weekly Stochastics have not established a bullish crossover, yet remain in an oversold situation.
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Click here for "Seven Oversold Stocks, " a free special report from Forbes Growth Investor.
On Friday morning the market continued its technical rally off the short-term oversold condition.
The stock is newly oversold after losing more than 1% in a pullback on Tuesday.
The weekly chart for April gold futures shows the market has reached extremely oversold levels.
Overbooked planes were also cited in consumer complaints--who doesn't detest getting bumped from an oversold flight?
For its part, Google had closed in oversold territory for five days in a row.
However, the real reason they started buying was because they were convinced stocks were oversold.
In the oversold column, you can see that ORLY is 15.3% above the Starc- band.
It believes the benefits have been oversold and the difficulties and waste production issues underplayed.
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Short-term oversold after a three-day retreat, USB rallied more than 1% in just two days.
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From that last oversold finish two months ago, Apple has gained just over 20%.
For Germany, this could just be an oversold bounce that will be followed by a further decline.
"If I hadn't known that beforehand maybe I would have really oversold myself too quickly, " Robles said.
That said, any significant selling on Thursday will almost certainly take GOOG to technically oversold levels.
The weekly yield chart shows that momentum has turned up from the most oversold levels since 2009.
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