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 (%)|
|NYSE||Genuine Parts Company||$84.07||32.25%||-15.24%|
|NASDAQ||Ross Stores Inc.||$54.73||31.61%||-6.32%|
|NYSE||Campbell Soup Company||$51.79||31.58%||-20.20%|
|NASDAQ||Ulta Salon Cosmetic||$253.94||30.07%||-0.84%|
|NYSE||Conagra Brands Inc.||$33.48||25.70%||-8.61%|
|NYSE||Chipotle Mexican Grill||$392.00||23.30%||-4.13%|
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