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Water firm Severn Trent is enjoying a strong rise, having gained ground for six weeks. It has risen through the highs seen in October last year and in March 2014, and is now overbought on a daily chart. Also overbought is Vedanta Resources, now at its highest level since November and looking to challenge the £11 level that marked the peak at the beginning of that month.
Our oversold shares remain distinctly unloved; with broader market sentiment still shaky these shares have been unable to rally in any meaningful fashion.