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You are here: Home / Analytics / Getting Ready for Wednesday Morning’s Trading 5/8/13

Getting Ready for Wednesday Morning’s Trading 5/8/13

May 8, 2013 by Joshua Glasgall

Here are the stocks, ETFs, and Leveraged ETFs you need to know for Wednesday morning.

The following securities are the most oversold and overbought according to ConnorsRSI for Wednesday’s trading. Click here to download your free copy of An Introduction to ConnorsRSI. This Watchlist was created using the TradingMarkets Screener.

Today’s Market Conditions

(Click Symbol for More Details)

Name Symbol ConnorsRSI
SPDR S&P 500 ETF SPY 82.54
Powershares QQQ QQQ 50.55
Russell 2000 ETF IWM 83.41
S&P GSCI Crude Oil TR Index ETN OIL 39.32
SPDR Gold GLD 17.64
20+ Year Trsy Bond Ishares TLT 15.16
VIX Short-Term Futures ETN Ipath VXX 24.99

 

5 Most Oversold Stocks

Name Symbol ConnorsRSI Price
Infinity Pharmaceuticals INFI 1.76 $34.81
Linn Energy Llc LINE 8.65 $35.01
Blackberry BBRY 9.28 $14.82
Array Biopharma Inc. ARRY 10.95 $5.24
Aruba Networks ARUN 12.09 $17.02

 

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5 Most Oversold ETFs

Name Symbol ConnorsRSI Price
20+ Year Trsy Bond Ishares TLT 15.16 $120.16
Short Russell 2000 Proshares RWM 16.22 $20.94
Iboxx $ Invest Grade Corp Bond I LQD 17.08 $121.05
US Natural Gas UNG 17.16 $21.30
SPDR Gold GLD 17.64 $140.38

 

5 Most Oversold Leveraged ETFs

Name Symbol ConnorsRSI Price
Financial Bear 3X Direxion FAZ 16.20 $35.73
Ultrashort S&P 500 Proshares SDS 16.32 $40.52
Smallcap Bear 3X Direxion TZA 16.49 $33.79
Direxion Daily S&P 500 Bear 3X S SPXS 16.94 $10.83
Ultrapro Short S&P 500 Proshares SPXU 16.96 $24.36

 

5 Most Overbought Stocks and ETFs

Name Symbol ConnorsRSI Price
Directv DTV 97.61 $61.95
Liberty Global LBTYA 97.18 $78.01
Harley-Davidson HOG 96.09 $57.54
Eog Resources EOG 95.87 $135.69
Virgin Media Inc. VMED 95.87 $51.38

 

Connors Research Trading Strategy Series

 

Filed Under: Analytics

About Joshua Glasgall

Joshua Glasgall, Editor in Chief of The Connors Group. Before joining The Connors Group in 2012, Joshua worked in online advertising, market research, and financial journalism.

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