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
Nederland Laatste Nieuws, Nederland Headlines
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