20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Vintage Wine Estates Inc (NASDAQ:VWE)
- Vintage Wine Estates recently announced plans to restate its Q1 financial statements due to the misclassification and accounting for certain assets. The company’s stock has a 52-week low of $1.52 .
- RSI Value: 27.65
- VWE Price Action: Shares of Vintage Wine Estates fell 8.7% to close at $1.57 on Tuesday and lost 1.3% in today’s pre-market trading.
Real Good Food Company Inc (NASDAQ:RGF)
- Real Good Foods, last month, announced the launch of New Enchiladas in Sam's Club nationwide. The company’s stock has a 52-week low of $4.15.
- RSI Value: 29.43
- RGF Price Action: Shares of Real Good Food fell 6.3% to close at $4.30 on Tuesday and lost 7% in today’s pre-market trading.
Jupiter Wellness Inc (NASDAQ:JUPW)
- Jupiter Wellness filed prospectus relating to sale or other disposition from time to time by selling shareholders of up to 8.6 million common shares. The company’s stock has a 52-week low of $0.48.
- RSI Value: 26.73
- JUPW Price Action: Shares of Jupiter Wellness fell 0.1% to close at $0.52 on Tuesday and lost 4.8% in today’s pre-market trading.
Westrock Coffee Co (NASDAQ:WEST)
- Westrock Coffee announced development of new distribution center in Conway, Arkansas. The company’s 52-week low is $ 9.34.
- RSI Value: 24.30
- WEST Price Action: Shares of Westrock Coffee fell 4.2% to close at $11.23 on Tuesday and lost 2.1% in pre-market trading.
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20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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