economy
These stocks are the most overbought or oversold after a choppy week on Wall Street
Reaction to earnings reports led Adobe to become oversold, while J.M. Smucker Company was left overbought.
TL;DR
- Humana's stock more than doubled since March 30, leading the S&P 500's overbought list.
- Healthcare stocks, including CVS and Cardinal Health, have shown strong performance and are considered overbought.
- KLA Corporation and J.M. Smucker Company also appeared overbought due to strong earnings and demand for chips.
- Meta Platforms and AutoDesk were identified as oversold stocks.
- Adobe also looks oversold after announcing CFO departure and forecasting slower revenue growth.