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 30, 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||Time Warner Inc||$87.71||29.71%||-2.88%|
|NYSE||International Paper Company||$54.15||29.58%||11.89%|
|NYSE||American International Group||$59.69||29.01%||-6.02%|
|NYSE||Johnson Controls Intl||$36.06||27.04%||-18.61%|
|NYSE||Barrick Gold Corp||$13.90||26.34%||-7.98%|
|NYSE||Merck & Company||$54.10||23.71%||-10.78%|
|NASDAQ||Alexion Pharm Inc||$108.49||23.62%||-7.49%|
|NYSE||Pacific Gas & Electric Co||$52.65||23.40%||-7.50%|
|NYSE||General Electric Company||$17.98||22.88%||-40.63%|
|NYSE||Newell Rubbermaid Inc||$28.82||22.76%||-38.90%|
|NYSE||Grupo Televisa S.A.||$18.59||13.48%||-12.26%|
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