Oversold Stocks scans for the most oversold stocks today based on RSI momentum technical indicator. Oversold stocks are worth watching for traders because many stocks ended up bouncing back from a down trend.
Most Oversold Stocks Today
When the RSI technical indicator is below 30, a stock is considered oversold. When the RSI indicator pointing up from 30, it generates a bullish signal.
The most oversold stocks today is useful for swing traders who are looking for stocks that have been beaten down recently, and has potential to bounce back.
The oversold stocks today list is updated daily after market close.
How to Trade Oversold Stocks
An oversold stock does not necessary mean a stock has reach the bottom. During a downtrend, a stock can be in the oversold territory for a very long time. A trader has
to be very careful not to jump in too fast otherwise he will end up losing money. Buying a stock during downtrend is like catching a falling knife, the odds are against you.
You should wait for signs of recovery and set tight stop loss when you find a buy siginal. To learn more, read how to trade oversold stocks.
Oversold Penny Stocks
This list does not include penny stocks. For those who are interested in oversold penny stocks, use the penny stocks scanner.