This morning Bwin.Party Digital Entertainment (a contender for one of the silliest names in the FTSE 350) is on our oversold list. It has slumped below 128p and is now heading towards 110p, a level that has stemmed the selling so far this year. Meanwhile the same names remain on the list; a sign that these shares have yet to see significant buying.
A similar situation prevails among the overbought names, with Compass’s ongoing situation particularly interesting. It seems there remains a desire to push these shares higher.