Top Consumer Staples Stocks That Could Lead To Your Biggest Gains In February

Loading...
Loading...

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.

The Real Good Food Company, Inc. RGF

  • Real Good Foods announced the launch of New Enchiladas in Sam's Club nationwide. The company’s stock has a 52-week low of $5.00 .
  • RSI Value: 26.47
  • RGF Price Action: Shares of Real Good Food fell 0.8% to close at $5.04 on Wednesday.

Local Bounti Corporation LOCL

  • Local Bounti, during November, posted a Q3 loss of $0.30 per share. The company’s stock has a 52-week low of $0.8850.
  • RSI Value: 28.48
  • LOCL Price Action: Shares of Local Bounti dropped 8.7% to close at $0.95 on Wednesday and added 5% in after-hours trading.

Vintage Wine Estates, Inc. VWE

  • Vintage Wine Estates, during November, posted better-than-expected quarterly earnings. The company also plans to restate its previously issued consolidated financial statements for first quarter fiscal. The company’s stock has a 52-week low of $2.13.
  • RSI Value: 28.57
  • VWE Price Action: Shares of Vintage Wine Estates fell 1.1% to close at $2.79 on Tuesday and dipped 14% in after-hours trading.

Read More: Robinhood, HCA Healthcare And 2 Other Stocks Insiders Are Selling

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasNewsPenny StocksPre-Market OutlookMarketsTrading IdeasConsumer staples stocksRSI
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...