TNYA - Top 4 Health Care Stocks That Could Lead To Your Biggest Gains In Q3 | Benzinga
The most oversold stocks in the health care 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.
Scilex Holding Company (NASDAQ: SCLX)
- Scilex announced the completion of its SP-103 Phase 2 study to evaluate the safety and efficacy in subjects with acute LBP. The company’s stock has a 52-week low of $1.66 .
- RSI Value: 28.03
- SCLX Price Action: Shares of Scilex Holding fell 9.1% to close at $1.70 ...