Bounce-Back Bargains: 3 Oversold Stocks Ripe for a Short-Term Surge
Castor Maritime (CTRM) InvestorPlace·2024-04-02 01:30
When the stock market pushes too high too fast, sudden corrections can reveal several oversold stocks for a short-term surge. Reasons for large dips include simple differences of opinion on a company’s prospects, short-term holders exiting positions with long-term potential, or negative events that temporarily spook fair-weather investors. Margin calls against large shareholders or disproportionate media coverage can also trigger selloffs.Indicators measuring momentum, like the Relative Strength Index (RSI) ...