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 boasts a 14-day RSI reading below 35, 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||Exchange||Name||Price||14-Day RSI||1-Year Return|
|NYSE||Hormel Foods Corp||$34.65||34.36%||-19.36%|
|NYSE||Hewlett Packard Enterprise Comp||$22.31||34.34%||66.00%|
|NYSE||Cimarex Energy Co||$125.98||34.25%||47.21%|
|NYSE||Teck Resources Ltd||$20.06||34.16%||254.42%|
|NYSE||Campbell Soup Company||$58.97||33.57%||-4.86%|
|NYSE||Advance Auto Parts Inc||$156.94||33.05%||4.59%|
|NYSE||L Brands Inc||$52.39||32.44%||-37.91%|
|NYSE||Thomson Reuters Corp||$42.61||32.15%||16.58%|
|NYSE||HSBC Holdings Plc||$40.36||32.12%||25.42%|
|NYSE||Agnico-Eagle Mines Ltd||$42.46||30.72%||22.89%|
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