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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
After the close on Friday, we now have 11 oversold companies whose RSI7 is under 30, and 205 overbought companies whose RSI7 is over 68. They are:
Oversold:
Overbought:
(please click to enlarge)
The most overbought company is GNW, Genworth Financial, with an RSI7 of 95.58. Its current price is $5.28. Chart:
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