Oversold But Ready to Rally: 5 Stocks to Watch Now
COSTCostco(COST) MarketBeat·2024-10-21 19:30

Buying oversold stocks is not a question of one man’s trash being another’s treasure. In many cases, it’s simply the ability to look at specific fundamental or technical indicators as a way to identify stocks that are buying opportunities. One of those metrics is the relative strength indicator (RSI). This is a momentum indicator that measures the speed and magnitude of a security’s recent price changes to predict overvalued (over 70) or undervalued (under 30) conditions in a stock’s price.  Undervalued sto ...