Ulta Beauty is underperforming and has sold off in recent weeks, but data shows it may be due for a bid higher. Shares in the cosmetics seller have the lowest average relative strength index, or RSI, in the S & P 500 in the past 14 days, meaning it is the most oversold in that time period. An RSI reading below 30 can indicate a stock has fallen too far and is at a price that may prove a good buying opportunity. Conversely, an RSI over 70 means it may be overbought and due for a retreat.
The hospital provider reported stronger-than-expected earnings and raised its full-year guidance late last month. HCA also had patient data stolen by hackers and put up for sale earlier in the month. Here's the full list of oversold stocks: On the other side of the spectrum, Marathon Petroleum was the most overbought stock over the past 14 days of almost 95.
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.
Source: MarketWatch - 🏆 3. / 97 Read more »