UNFI - Top 5 Defensive Stocks That Are Set To Fly This Month | 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.
HF Foods Group Inc. (NASDAQ: HFFG)
- On March 14, HF Foods Group posted a profit for the fourth quarter. "We are excited by the progress we have made on our operational transformation plan that we expect to help us drive long-term growth and profitability,” said Peter Zhang, Chief Executive Officer of HF Foods. The company’s stock fell around 10% over the past five days and has a 52-week low of $3.33.
- RSI ...