27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
The most oversold stocks in the energy 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.
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Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Alto Ingredients, Inc. (NASDAQ:ALTO)
- Alto Ingredients reported worse-than-expected Q4 EPS and sales results. “Alto has been executing a series of growth initiatives to diversify our revenue streams, maximize our high-margin products, and optimize our operations to continue our business transformation,” said Mike Kandris, CEO of Alto Ingredients. The company’s stock has a 52-week low of $1.32.
- RSI Value: 26.68
- ALTO Price Action: Shares of Alto Ingredients rose 1.5% to close at $1.39 on Monday.
ENGlobal Corporation (NASDAQ:ENG)
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- ENGlobal recently announced a $3.4 million registered direct offering. The company’s stock has a 52-week low of $0.34.
- RSI Value: 26.53
- ENG Price Action: Shares of ENGlobal gained 5.3% to close at $0.40 on Monday.
Aemetis, Inc. (NASDAQ:AMTX)
- Aemetis posted weaker-than-expected quarterly results. “Revenues for 2022 increased 21% compared to 2021, largely due to price increases in ethanol feed co-products in the United States and demand from oil marketing companies in India,” said Todd Waltz, Chief Financial Officer of Aemetis. The company’s stock has a 52-week low of $1.9850.
- RSI Value: 29.23
- AMTX Price Action: Shares of Aemetis gained 0.5% to close at $2.04 on Monday.
U.S. Energy Corp. (NASDAQ:USEG)
- U.S. Energy recently reported a 24% increase to year-end 2022 proved producing reserves. The company’s 52-week low is $1.35.
- RSI Value: 22.36
- USEG Price Action: Shares of U.S. Energy fell 4.2% to close at $1.36 on Monday.
Gevo, Inc. (NASDAQ:GEVO)
- Gevo recently entered into joint development agreement with Southwest Iowa Renewable Energy to measure, report & verify carbon intensity. The company has a 52-week low of $1.22.
- RSI Value: 28.32
- GEVO Price Action: Shares of Gevo fell 2% to close at $1.25 on Monday.
Read More: Investor Optimism Improves Ahead Of Inflation Data
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.