XXII - Top 5 Risk Off Stocks Which Could Rescue Your Portfolio 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.
Spectrum Brands Holdings, Inc. (NYSE: SPB)
- Spectrum Brands Holdings reported a fourth-quarter 2023 sales decline of 1.2% year-on-year to $740.70 million. "We started increasing our investments in marketing and advertising during the fourth quarter and will continue that trend going ...