NAVI - Top 5 Financial Stocks That Could Lead To Your Biggest Gains In Q1 | Benzinga
The most oversold stocks in the financial 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.
New York Community Bancorp, Inc. (NYSE: NYCB)
- On Jan. 31, New York Community Bancorp reported worse-than-expected fourth-quarter financial results and reduced its quarterly dividend. The company’s stock fell around 58% over the past month and has a 52-week low of $3.60 .
- RSI Value: 20.68
- NYCB Price Action: Shares of New York Community Bancorp gained 6.7% to close at $4.48 on Wednesday.
Peoples Bancorp Inc. (NASDAQ: PEBO)
- On Jan. 23, Peoples Bancorp posted better-than-expected quarterly results. "2023 was the ...