VMAR - Top 5 Consumer Stocks That May Rocket Higher In Q1 | 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.
Mobileye Global Inc. (NASDAQ: MBLY)
- On Jan. 8, Mobileye Global announced it was awarded a series of production design wins by a "major" Western automaker. Mobileye CEO Amnon Shashua commented on the victory, saying, "These design wins represent an historic milestone in the development of automated driving, and will greatly increase its availability to customers globally. Execution of ...