TAP - Top 5 Defensive Stocks That May Explode This Quarter | 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.
Molson Coors Beverage Company (NYSE:TAP)
- On May 22, Molson Coors Beverage Company announced the pricing of its public offering of euro-denominated senior notes. The company's stock fell around 7% over the past month and has a 52-week low of $52.60.
- RSI Value: 23.78
- TAP Price Action: Shares of Molson Coors Beverage gained 0.4% to close at $53.22 on Thursday.
- Benzinga Pro's real-time newsfeed alerted to latest TAP news.
Adecoagro S.A. (NYSE:AGRO)
- On ...