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 |
|---|---|---|---|---|---|
PEP | NYSE | Pepsico Inc | $101.55 | 34.69% | 5.23% |
EQT | NYSE | Eqt Corp | $62.15 | 34.15% | 21.48% |
TEVA | NYSE | Teva Pharmaceutical Industries Ltd | $33.97 | 32.84% | -45.89% |
PRGO | NYSE | Perrigo Company | $77.80 | 32.34% | -45.62% |
WMT | NYSE | Wal-Mart Stores | $67.13 | 32.20% | 8.41% |
TGT | NYSE | Target Corp | $70.19 | 30.92% | -2.02% |
VFC | NYSE | V.F. Corp | $51.33 | 30.50% | -9.36% |
LB | NYSE | L Brands Inc | $60.69 | 24.72% | -34.21% |
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