In 2024, investors are still wrestling with uncertainty. Will there be rate cuts, and what will they mean for inflation? And no matter what your political disposition, the outcome for public policy is uncertain.
It's important to have rules and guidelines to fall back on at times like this. One commonly used technical indicator is the Relative Strength Index (RSI). This metric measures a stock's momentum and helps investors understand when a stock may be undervalued or overvalued. A reading of around 30 or below indicates that a stock may be oversold.
MarketBeat provides two free tools that investors can use to find oversold stocks using the RSI. One way is to look at the list of Top Oversold Stocks. This generates a list of stocks that have hit an RSI of 30 in the last 30 days. Another option is to use our Stock Screener tool and filter for stocks that currently trade at a specific RSI that you select.
In this special presentation, we use a combination of those features to find seven oversold stocks that have the potential to rally sharply in the back half of the year.
Click the "Continue to Slide #1" button to view the first company.
