Dear readers, there are currently four US stocks on NYSE and NASDAQ that are oversold. Each of these oversold stocks has a market capitalisation of more than US $10 Billion each. Each of these oversold stocks is trading below RSI of 30.
These oversold NYSE NASDAQ stocks are:
BioMarin Pharmaceutical (BMRN)
Quest Diagnostics Incorporated (DGX)
Grifols, S.A (GRFS)
Occidental Petroleum Corporation (OXY)
Telefonica, S.A (TEF)
Against these four oversold NYSE NASDAQ stocks of market capitalisation of more than US $10 Billion each, there are now one hundred and thirty four NYSE NASDAQ stocks of similar market capitalisation that are overbought. Not surprising at all, since the US stocks markets are now trading up.
I would reckon that the US stocks markets to correct soon and better opportunities to invest in US stocks next.
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