Here are the most overbought and oversold S&P 500 stocks, including several tech names

Stocks moved higher this week as companies continued to report earnings, which can sometimes lead to volatile action. The S & P 500 , for example, rose about 0.9% this week and finished the month 1.5% higher — its second positive month in a row. Yet, while all three major indexes gained this week, some stocks are still considered to be oversold.

Pro screened for S & P 500 stocks in both the overbought and oversold territory, based on their RSI. Too oversold Here is a list of the 10-most oversold names, which includes an oil refiner. Valero Energy has the lowest 14-day RSI on the list, at 16.67. Nearly 64% of the analysts covering the stock, rate it a buy. The U.S. refiner reported a first-quarter earnings beat on Thursday, despite the pullback in oil prices during the period. Its adjusted earnings per share came in at $8.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock Market Crash: 60% Decline is 'Likely' For S&P 500, Expert SaysA notorious market bear who called the 2000 and 2008 crashes says a 60% decline in the S&P 500 is likely as high valuations and weak investor sentiment create a 'trap door' scenario
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Dow up more than 500 points in final hour of trading as earnings set the toneU.S. stocks rallied sharply Thursday, with the Nasdaq Composite leading the surge after upbeat results from Facebook parent Meta Platforms Inc. Analysts said...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Dow, S&P 500 score biggest daily gain since January as Meta, tech earnings embolden bullsMajor U.S. stock indexes posted big gains on Thursday as Meta and other major technology companies embolden bullish investors with better earnings results...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »