Financial Digest

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%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance 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.

 

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

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 FİNANCE

Finance Finance Latest News, Finance Finance Headlines

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

Brace for a 'gut check' summer sell-off, investor Peter Boockvar suggestsBleakley Advisory Group's Peter Boockvar believes the rally will go on pause when most of the economy reopens. TradingNation Short, puts, long, call, options & ...... TradingNation Why investors don’t care:
Source: CNBC - 🏆 12. / 72 Read more »