WHR - Top 5 Consumer Stocks Which Could Rescue Your Portfolio This Month | 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.
Whirlpool Corporation (NYSE:WHR)
- On April 25, Whirlpool reported first-quarter financial results. The company announced that it is currently evaluating certain follow-on restructuring actions for the remainder of 2024 and expects to incur about $50 million of restructuring charges. The company's stock fell around 11% over the past month and has a 52-week low of $84.18.
- RSI Value: 23.29
- WHR Price Action: Shares of Whirlpool fell 2.3% to close at $84.78 on Wednesday.
- Benzinga Pro's real-time newsfeed alerted to latest WHR news.