A bounce from oversold condition | stockbee


A bounce from oversold condition

A low volume bounce after a severely oversold condition. What happens next. We will likely get few days follow through to work through the severe oversold condition.

Markets are stretched to the downside and most stocks are below 40 day moving average so time will be required for stock to setup again for further move.

However some stocks have held up well during this correction and they are the one worth having a look.

Some of these stocks are:

  1. pcyc
  2. mlnx 
  3. avd
  4. abmd
  5. crus
  6. swi
  7. fire
  8. vrtx
  9. wibc

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