RSI - Top 5 Consumer Stocks That May Explode In Q3 | 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.
Conn’s Inc (NASDAQ:CONN)
- On June 26, Conn’s received a delinquency notification letter from Nasdaq. The company's stock fell around 73% over the past month and has a 52-week low of $0.52.
- RSI Value: 17.23
- CONN Price Action: Shares of Conn’s gained 14.6% to close at $0.66 on Friday.
- Benzinga Pro's real-time newsfeed alerted to latest Conn’s news.
Nike Inc (NYSE:NKE)
- On June 27, Nike reported fourth-quarter revenue of $12.6 billion, down 2% year-over-year. The revenue total missed a Street consensus estimate of $12.91 billion, according to data from Benzinga Pro. ...