|S&P 500 Most Overbought Stocks: Motorola Tops the List|
Yes Motorola! In our regular updates of the most overbought and oversold stocks in the S&P 500, it was surprising to see that seemingly ne'er-do-well Motorola (MOT) tops the list.
With the stock currently trading more than three standard deviations above its 50-day moving average, MOT is by far the most overbought stock in the S&P 500, and one of only two Technology sector stocks to make the list of the top twenty. Motorola leading the market higher? It's been a while since anyone has said that.
Utter hocus pocus. I am sure when stocks collapsed, he was pumping the most oversold too. LEH was a great buy until it went bankrupt using this logic.