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 |
|---|---|---|---|---|---|
HES | NYSE | Hess Corp | $47.79 | 29.17% | -6.77% |
BHI | NYSE | Baker Hughes Inc | $56.68 | 28.19% | 23.78% |
PANW | NYSE | Palo Alto Networks Inc | $117.68 | 28.18% | -25.43% |
SPG | NYSE | Simon Property Group | $168.69 | 27.86% | -16.20% |
APA | NYSE | Apache Corp | $50.16 | 27.61% | 2.43% |
TGT | NYSE | Target Corp | $55.19 | 23.87% | -32.59% |
KR | NYSE | Kroger Company | $28.69 | 23.50% | -25.75% |
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