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.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »