economy
Here are the most overbought and oversold names after a volatile week
Applied Materials and Citigroup were among this week's most overbought names, while Accenture and Fox Corporation were on the opposite side.
TL;DR
- Stocks ended a turbulent week higher, but some are now overbought.
- Applied Materials and Western Digital were among the most overbought stocks, gaining significantly.
- Citigroup and Morgan Stanley also became overbought, touching new 52-week highs.
- Accenture and Fox Corporation were among the most oversold names.
- Accenture's stock fell after announcing acquisitions and reporting lower-than-expected revenue.
- Fox Corporation shares declined after announcing its acquisition of Roku.