The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Flowers Foods Inc (NYSE:FLO)
- On Aug. 15, Flowers Foods posted downbeat quarterly sales. “Macroeconomic uncertainty and shifting consumer demand have continued to pressure the bread category, but our portfolio …
Full story available on Benzinga.com
The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Flowers Foods Inc (NYSE:FLO)
- On Aug. 15, Flowers Foods posted downbeat quarterly sales. “Macroeconomic uncertainty and shifting consumer demand have continued to pressure the bread category, but our portfolio …
Full story available on Benzinga.com
The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Flowers Foods Inc (NYSE:FLO)
On Aug. 15, Flowers Foods posted downbeat quarterly sales. “Macroeconomic uncertainty and shifting consumer demand have continued to pressure the bread category, but our portfolio …Full story available on Benzinga.com Read Moredefensive, Expert Ideas, FLO, Long Ideas, News, Oversold Stocks, Pro Project, RSI, SFM, TGT, Pre-Market Outlook, Markets, Trading Ideas, FLO, US3434981011, TGT, US87612E1064, SFM, Long Ideas, News, Pre-Market Outlook, Markets, Trading Ideas, Benzinga Markets
