Are you looking for stocks that are showing signs of bottoming out? Here is a look at some of the most beaten down securities in today’s market that may be ready for a rebound.
Investors can use this list to find potential candidates to buy before the stocks begin to rebound.
The most oversold candidates included in this list meet a number of criteria. First, each of the securities boast a 14-day RSI reading below 30, deeming them to be in “oversold” territory and ripe for a rebound. Second, we apply a liquidity screen to eliminate the more thinly-traded securities out there. More specifically, the list excludes equities with a market cap below $10 billion and those with a five-day average trading volume below the 1 million shares mark.
There were only 3 stocks that were oversold last week.
As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques.
|Ticker||Name||Price||14-Day RSI||1-Week Return|
|AAL||American Airlines Gp||$32.94||21.89%||-32.83%|
|AMX||America Movil S.A.B. De C.V||$12.78||25.63%||-38.44%|
|LB||L Brands Inc||$70.03||26.75%||-22.42%|
|PSX||Phillips 66 Common Stock||$78.32||27.74%||-4.05%|
|VLO||Valero Energy Corp||$54.98||29.58%||-6.96%|
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