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 (%)|
|PAA||NYSE||Plains All American Pipeline LP||$24.55||34.08%||0.27%|
|APC||NYSE||Anadarko Petroleum Corp||$46.70||33.78%||-13.97%|
|CXO||NYSE||Concho Resources Inc||$116.23||32.92%||-3.16%|
|DVN||NYSE||Devon Energy Corp||$31.32||32.34%||-11.21%|
|SJM||NYSE||J.M. Smucker Company||$124.16||31.96%||-11.91%|
|CPB||NYSE||Campbell Soup Company||$54.82||30.16%||-9.77%|
|TAP||NYSE||Molson Coors Brewing Company||$86.58||30.06%||-11.97%|
|DLTR||NASDAQ||Dollar Tree Inc||$70.55||27.01%||-23.49%|
|HPE||NYSE||Hewlett Packard Enterprise Comp||$16.72||26.32%||-11.91%|
|ETP||NYSE||Energy Transfer Partners||$19.35||21.04%||-23.51%|
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