After weekly sell-off, traders see these two beaten-down stocks as comeback candidates

Craig Johnson, chief market technician at Piper Sandler, pointed to Under Armour as the stock best positioned for a rebound.

"This is a stock that has been out of favor for a while, starting to really show signs of turning around," he said Friday. Johnson highlighted the stock's recent decline to about $22 per share, saying "I think on this little pullback here, we definitely should be buying this stock.""Not only does it look good technically, but also fundamentally," Johnson said.

Piper Sandler analyst Erinn Murphy gives the stock an overweight rating and a $31 price target, implying 36% upside on the stock after its Friday close at $22.78.In the same interview, Danielle Shay, director of options at Simpler Trading, chose Tesla as the best bargain in the barrel.Shay suggests investors sell"Overall on the weekly chart, you have some great consolidation, and ultimately, I'm targeting $1,000," Shay said.

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