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 they begin to reverse their downtrend.
The bottoming out candidates included in this list meet a number of criteria. First, each of the securities is trading within 10% of its 1-year low, deeming them to be “bottom pick” candidates that could start to reverse higher. 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; also excluded from this list are stocks trading below $10 a share.
As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques.
|Ticker||Name||Price||% From 1-Year Low||1-Year Return|
|GILD||Gilead Sciences Inc||$85.44||9.65%||-27.75%|
|RCL||Royal Caribbean Cruises Ltd||$70.10||9.17%||-16.82%|
|WFC||Wells Fargo & Company||$48.37||8.70%||-16.52%|
|PSX||Phillips 66 Common Stock||$75.74||8.53%||-9.01%|
|VLO||Valero Energy Corp||$50.85||8.47%||-25.15%|
|CMG||Chipotle Mexican Grill||$415.31||7.94%||-37.26%|
|VOD||Vodafone Grp Plc Ads||$29.96||7.31%||-19.07%|
|DISCA||Discovery Comm A||$25.17||6.38%||-24.44%|
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