Expedia and this beauty stock are two of the most oversold stocks

Are you looking for investment opportunities in the current market environment? While the overall market has been on a winning streak this week, some individual stocks have experienced sharp declines and are now considered oversold. This could mean they are due for a rebound in the near future.

At Extreme Investor Network, we use advanced tools like the CNBC Pro Stock Screener to identify some of the most oversold stocks on Wall Street based on their 14-day relative strength index (RSI). Stocks with an RSI below 30 are considered oversold and may present buying opportunities for savvy investors.

One of the oversold names we found is Expedia, which is down more than 2% week to date. Despite this decline, analysts see potential for shares to gain nearly 32% from their current levels. Ulta, a beauty retailer, is also on the oversold list due to increased competition in the industry. Analysts remain bullish on Ulta, with a consensus buy rating and price target suggesting a 38% upside.

Related:  Stocks that often exceed earnings estimates and rally are set to report next week

On the flip side, some stocks may be overbought and due for a pullback soon. Defense tech company Leidos Holdings and navigation tech company Garmin are among the S & P 500’s most overbought stocks, with RSI readings above 70. Analysts are forecasting these stocks to experience a potential pullback in the near future.

While this information is valuable for investors, it’s important to remember that investing always carries risks. Before making any financial decisions, it’s crucial to seek advice from a financial advisor who understands your unique circumstances. At Extreme Investor Network, we provide insightful analysis and recommendations to help you navigate today’s complex market landscape. Stay informed and make educated investment decisions with us.

Related:  What's Next for Micron as AI Stock Soars Over 15%

Source link