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 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.
There were only 3 stocks that were oversold last week.
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 Rate|
|VLO||Valero Energy Corp||$55.19||34.10%||-7.43%|
|UAL||United Continental Holdings||$44.59||33.16%||-27.61%|
|PSX||Phillips 66 Common Stock||$78.68||33.12%||-2.92%|
|TSM||Taiwan Semiconductor Manufacturing||$23.11||32.98%||-5.90%|
|AMX||America Movil S.A.B. De C.V||$12.86||32.19%||-38.76%|
|HOT||Starwood Hotels & Resorts Worldwide||$74.76||32.13%||-11.89%|
|TSLA||Tesla Motors Inc||$208.29||31.30%||-16.30%|
|GILD||Gilead Sciences Inc||$83.61||30.93%||-23.50%|
|LRCX||Lam Research Corp||$73.46||30.08%||-6.69%|
|KLAC||K L A-Tencor Corp||$67.90||29.97%||13.34%|
|AAL||American Airlines Gp||$32.12||29.14%||-34.00%|
|CS||Credit Suisse Group||$12.86||27.55%||-51.94%|
|LB||L Brands Inc||$66.37||21.97%||-24.78%|
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