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||General Electric Company||$17.45||33.75%||-44.78%|
|NYSE||XCEL Energy Inc||$48.11||32.91%||18.21%|
|NYSE||Boston Scientific Corp||$24.79||30.62%||14.61%|
|NYSE||Iqvia Holdings Inc.||$97.90||30.07%||28.73%|
|NYSE||Duke Energy Corp||$84.11||29.87%||8.36%|
|NYSE||Pacific Gas & Electric Co||$44.83||16.70%||-26.23%|
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