are among the names with the lowest RSI readings. Their relative strength index, which measures momentum relative to price history, is close to or below the 30 mark that suggests oversold conditions.
"The first thing we look at when stocks are out of favor, especially in such a very strong market like this, is: Why? Is there a structural or some sort of fundamental issue, or has it just kind of fallen out of favor, maybe because of news headlines, etc.
Craig Johnson, chief market technician at Piper Sandler, says some of the other oversold stocks could stay that way for longer.
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