Take-Two, this drug name are among the most overbought stocks on Wall Street. Here are the others

Investors were snapping up shares of stocks including AmerisourceBergen and Take-Two in the last two weeks of the second quarter. The 14-day relative indexes for the two stocks each reached around 94 out of 100 as of Friday afternoon. A stock is considered overbought when its index cracks 70, and that can signal to investors that it could be due for a pullback in the normal ebb and flow of the market.

Pro compiled the other most overbought stocks below: Airline stocks Southwest and Delta made the list, with both having an index above 90. Wall Street has a favorite among the two competitors: nearly 86% of analysts rate Delta a buy compared with nearly 43% for Southwest. Delta is expected to rally another 20.5% after advancing 11.1% in the two-week period, while analysts see another 14% ahead for Southwest following its 5.7% gain in the latter half of June.

's Fred Imbert contributed to this report

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street analysts think these 5 bank stocks will do well in the second halfThis quintet of bank stocks may be poised for a strong second half of the year.
Source: CNBC - 🏆 12. / 72 Read more »

Why this Wall Street firm walked away from a $130M Pennsylvania pension investmentInsight Partners Partners Fund XIII won a close vote but pulled out when Gov. Josh Shapiro asked the PSERS board to reconsider its decision.
Source: PhillyDailyNews - 🏆 89. / 67 Read more »