Telecom The Most Overbought Sector Over the Last 200 Days

Global stock markets have obviously had a great year in 2013, leaving most sectors rather overbought on an intermediate term basis. In the below tables we present from highest to lowest each sector's average stock price relative to it's own 200 day moving average. What we find is that the most overbought sector by this measure is Telecom, with this sector's stocks on average trading 9% above their 200 day smoothing.

MSCI World:


MSCI Europe:


MSCI Pacific:


MSCI North America: