×

These stocks should be this week's big movers

Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters
Traders work on the floor of the New York Stock Exchange.

"Buy low and sell high" is a simple investing adage that not only makes basic sense, but is backed by historical data.

But this philosophy is not just for fundamental investors. Technical analysts use statistics to find "overbought" and "oversold" stocks based on their trading history.

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. We looked for the stocks that historically have had the biggest future five-day returns after reaching this oversold state. Conversely, the overbought names have the lowest five-day returns.

Here are the stocks that are oversold that may be due for a pop this week.

Contact Investing

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.