Are you looking for stocks that are showing signs of bottoming out? Here’s 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-Week Return|
|BMY||Bristol-Myers Squibb Company||$49.23||29.86%||-24.45%|
|COG||Cabot Oil & Gas Corp||$21.11||29.02%||0.05%|
|UNP||Union Pacific Corp||$89.88||28.78%||-7.26%|
|BTI||British American Tobacco Industries||$114.10||28.45%||-3.33%|
|NSRGY||Nestle Sa Reg Shrs S||$72.67||25.17%||-5.78%|
|VZ||Verizon Communications Inc||$48.21||24.76%||4.44%|
|DVA||Davita Healthcare Partners Inc||$58.10||23.68%||-23.49%|
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