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 Return|
|DAL||Delta Air Lines Inc||$38.09||27.70%||-9.29%|
|ALXN||Alexion Pharm Inc||$123.96||28.42%||-32.78%|
|COF||Capital One Financial Corp||$64.28||28.52%||-27.30%|
|BIIB||Biogen Inc Cmn||$237.39||30.51%||-42.25%|
|NVO||Novo Nordisk A/S||$51.61||31.33%||-6.13%|
|QVCA||Liberty Int Qvc Sr A||$24.93||32.44%||-13.32%|
|CMG||Chipotle Mexican Grill||$396.94||32.74%||-35.49%|
|AIG||American International Group||$53.73||32.96%||-13.10%|
|ADS||Alliance Data Systems Corp||$200.80||33.84%||-33.67%|
|WFC||Wells Fargo & Company||$46.93||33.99%||-17.74%|
|GOOGL||Alphabet Cl A Cmn||$706.13||34.52%||26.66%|
|VLO||Valero Energy Corp||$51.68||34.66%||-14.34%|
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