Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters
With the S&P 500 rallying for the fifth-consecutive week to its highest close of the year, which stocks could lead the market higher this week?
Using Kensho, a quantitative analytics tool used by hedge funds, we ran a screen to search for the most oversold and overbought stocks in the S&P 500 relative to their 50-day moving averages. We looked for the stocks that historically have had the biggest future five-day returns after reaching such an oversold state, and conversely, the overbought names that have the lowest five-day returns.
These are the oversold stocks and their five-day average move when they traded this far below their 50-day moving average in the past, according to Kensho.
