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.
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|
|WFC||Wells Fargo & Company||$44.88||29.30%||-12.82%|
|OXY||Occidental Petroleum Corp||$69.32||29.21%||4.84%|
|HSY||Hershey Foods Corp||$95.33||27.48%||2.99%|
|DLTR||Dollar Tree Inc||$80.00||27.15%||14.11%|
|VIAB||Viacom Inc Cl B||$34.84||24.61%||-19.94%|
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