RSI - Top 5 Consumer Stocks That Are Preparing To Pump This Quarter | 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.
Fisker Inc. (NYSE: FSR)
- Fisker said that its chief accounting officer Florus Beuting has resigned. For the third quarter, the company reported quarterly revenue of $71.8 million. The company’s stock has a 52-week low of $1.79 .
- RSI Value: 26.13
- FSR Price Action: Shares of Fisker gained 5.2% to close at $2.23 on Friday.
GreenTree Hospitality Group Ltd. (NYSE: GHG)
- GreenTree Hospitality reported ...