Oversold

One neat feature from Exodus is the ability to screen for stocks in oversold cycles. These oversold cycles are backtested over a 12 month period and suggest an average return of holding the stock, for 5 days, based on past performance.

Let’s go ahead and take a look at tonight’s screen. The following are stocks that are oversold on our 12 month algorithm, and in the past have had an average bounce of 3% with a 5 day holding period. Granted this is not your ordinary tape, but here are a few more tickers worth eying if you believe a bounce is coming.

That FAS chart, wow.

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I’ll be back in a bit with some more screens to sort through, there will be great opportunity from this mess. It pays to be prepared.