Dear readers, as we head to the next US Presidential Election, the US stocks markets seem ever more volatile.
On the back of the macro stocks markets, there are three US stocks, each of market capitalisation more than US $200 billion that are oversold (with RSI(14) <30).
The three US stocks are:
1) Johnson & Johnson stock (JNJ)
2) Mastercard Incorporated stock (MA)
3) Visa Incorporated stock (V)
Once again, being oversold does not mean that these stocks will rebound next. Neither am I recommending that these oversold stocks. But what is really useful is a regular scan of oversold US stocks to get some sensing of the stocks markets.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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