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 (%)|
|LRCX||NASDAQ||Lam Research Corp||$183.71||34.76%||19.17%|
|CXO||NYSE||Concho Resources Inc||$129.63||34.54%||3.55%|
|VOD||NASDAQ||Vodafone Grp Plc Ads||$25.35||31.50%||-11.42%|
|AMX||NYSE||America Movil S.A.B. De C.V.||$15.29||31.23%||-6.08%|
|PCG||NYSE||Pacific Gas & Electric Co||$39.76||31.17%||-39.41%|
|ITUB||NYSE||Itau Unibanco Banco Holding S.A.||$10.80||31.12%||1.94%|
|AWK||NYSE||American Water Works||$78.35||30.69%||0.03%|
|XEL||NASDAQ||XCEL Energy Inc||$42.13||30.43%||-9.84%|
|WEC||NYSE||Wisconsin Energy Corp||$58.60||30.39%||-5.81%|
|CMS||NYSE||Cms Energy Corp||$42.63||29.99%||-7.73%|
|DUK||NYSE||Duke Energy Corp||$72.12||29.39%||-14.70%|
|AEP||NYSE||American Electric Power Company||$62.93||28.73%||-10.78%|
|NVO||NYSE||Novo Nordisk A/S||$44.83||28.57%||4.88%|
|ED||NYSE||Consolidated Edison Company of New York||$71.39||28.47%||-12.61%|
|DXC||NYSE||Dxc Technology Company||$84.90||28.47%||13.90%|
|DTE||NYSE||Dte Energy Company||$94.70||22.84%||-11.02%|
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