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Overbought Stock Scans

These scans find stocks which can be considered overbought based on Stochastic or by being at or above the upper Bollinger Band. It's critical to note that overbought can remain overbought for quite a while. Therefore, being overbought in & of itself should not necessarily be considered a sell signal. Checking whether or not a stock is trending (use ADX, RSI, the slope of the trendline, etc.) can help in the determination of how much weight to put on an overbought condition. You may also want to consider whether the stock is near a resistance level, like a major moving average or an old high.