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.
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