TM - Top 3 Consumer Stocks That Could Blast Off In June | Benzinga
The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
Toyota Motor Corp (NYSE:TM)
- The U.S. National Highway Traffic Safety Administration said on June 4 that Japanese automaker Toyota Motor is recalling over 100,000 vehicles in the U.S. over concerns that debris in its engines might cause them to stall and cause loss of driving power. The company's stock fell around 8% over ...