TSN - Top 4 Risk Off Stocks That May Rocket Higher In Q2 | 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, according to Benzinga Pro.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
Tyson Foods Inc (NYSE:TSN)
- On June 13, Tyson temporarily relieved its CFO, John R. Tyson, of his duties following his arrest on a charge of driving while intoxicated in Arkansas.. The company's stock fell around 11% over the past month and has a 52-week low of $44.94.
- RSI Value: 22.99
- TSN Price Action: Shares of Tyson Foods rose 0.2% to close at $53.97 on Friday.
- Benzinga Pro's real-time newsfeed alerted to latest TSN's news.