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 40, 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-Year Return|
|PXD||Pioneer Natural Resources Co||$148.83||39.65%||20.50%|
|NBL||Noble Energy Inc||$34.50||38.27%||-2.46%|
|FOXA||21St Centry Fox Class A||$26.85||37.75%||-20.23%|
|SU||Suncor Energy Inc||$26.35||37.58%||3.90%|
|COG||Cabot Oil & Gas Corp||$23.57||36.84%||-11.06%|
|PSX||Phillips 66 Common Stock||$74.47||36.33%||-5.77%|
|LUV||Southwest Airlines Company||$37.36||35.21%||6.74%|
|DE||Deere & Company||$77.92||31.87%||-15.69%|
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