RSI - Top 4 Defensive Stocks That Could Lead To Your Biggest Gains In October | Benzinga
The most oversold stocks in the consumer staples 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.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
B&G Foods, Inc. (NYSE: BGS)
- B&G Foods priced its upsized $550 million offering of 8.00% senior secured notes ...