These stocks were the most stretched heading into the sell-off

  • 📰 CNBC
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

New for subscribers: These stocks were the most stretched heading into the sell-off Check out CNBCPro for a free trial.

slumped for a third straight day Thursday on rising fears of a second wave of the virus, weighed by a sharp pullback among the reopening trades. From a technical perspective, the reversal was bound to happen as the rally in many names had gone too far, too fast.

Here are the 20 S&P 500 stocks looking the most frothy heading into the big sell-off Thursday, based on their distance above their 50-day moving average.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pro ALL Need to know about coronavirus !!! coronaviruses are named after the Latin word 'corona', which means crown, because they ....... COVID19

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Bond king Jeffrey Gundlach on where the market is headed, makes big calls on gold, dollarNew for subscribers: Bond king Jeffrey Gundlach on where the market is headed, makes big calls on gold, dollar Check out CNBCPro for a free trial. Pro I love ppl who buy physical gold it’s a great moron indicator Pro Once the deficit spending spree runs its course its gonna crash hard Pro Gundlach went heavy short at SPX 2860
Source: CNBC - 🏆 12. / 72 Read more »

Oil drops more than 6% as fears over second wave of coronavirus cases hit the marketOil prices dropped more than 7% on Thursday amid a broader market sell-off as fears over a second wave of coronavirus cases led to investors shedding assets. No fears last week during protests About goddamn time come on guys stop panicking
Source: CNBC - 🏆 12. / 72 Read more »