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||Cenovus Energy Inc||$13.24||27.42%||12.39%|
|NYSE||Verizon Communications Inc||$48.03||27.88%||-5.77%|
|NYSE||Bt Group Plc||$19.31||28.10%||-44.40%|
|NYSE||General Electric Company||$29.66||29.31%||3.92%|
|NYSE||Phillips 66 Common Stock||$79.14||30.00%||1.03%|
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