Are you looking for stocks that are showing signs of bottoming out? Here is a look at some of the most beaten dowan 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 5% 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||$81.47||4.56%||-22.65%|
|NVO||Novo Nordisk A/S||$47.41||3.52%||-13.75%|
|CMG||Chipotle Mexican Grill||$397.00||3.18%||-44.86%|
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