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|
|SPG||Simon Property Group||$197.50||29.44%||1.24%|
|AEM||Agnico-Eagle Mines Ltd||$44.94||28.32%||56.42%|
|GE||General Electric Company||$28.86||27.72%||2.81%|
|NGG||National Grid Transco Plc||$65.39||26.84%||-6.75%|
|GGP||General Growth Properties||$26.14||26.33%||-3.68%|
|HON||Honeywell International Inc||$106.80||25.50%||5.58%|
|NVO||Novo Nordisk A/S||$40.58||25.00%||-25.69%|
|BMY||Bristol-Myers Squibb Company||$49.81||24.15%||-18.93%|
|TEVA||Teva Pharmaceutical Industries Ltd||$45.04||22.57%||-23.61%|
|APD||Air Products and Chemicals||$135.40||22.30%||-3.25%|
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