Top 5 Defensive Stocks That Are Set To Fly


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.

Better Choice Company Inc. BTTR

  • Better Choice said Sharla A. Cook has resigned from her role as CFO, Secretary and Treasurer of the company, effective April 3, 2023. The company’s stock has a 52-week low of $0.3247 .
  • RSI Value: 27.42
  • BTTR Price Action: Shares of Better Choice Company dropped 7.9% to close at $0.35 on Thursday.

Rite Aid Corporation RAD

  • Rite Aid plans to dispense abortion pill mifepristone in a limited number of its pharmacies and will serve customers in person or through mail delivery. The company’s stock has a 52-week low of $2.1850.
  • RSI Value: 28.45
  • RAD Price Action: Shares of Rite Aid dropped 6.3% to close at $2.22 on Thursday.

Vintage Wine Estates, Inc. VWE

  • Vintage Wine Estates announced the sale of Tenma Vineyard for $11 million in cash. The company’s stock has a 52-week low of $0.97.
  • RSI Value: 23.60
  • VWE Price Action: Shares of Vintage Wine Estates fell 5.3% to close at $0.9849 on Thursday.

Veru Inc. VERU

  • Veru filed for mixed shelf of up to $200 million. The company’s 52-week low is $1.28.
  • RSI Value: 18.13
  • VERU Price Action: Shares of Veru dropped 6.8% to close at $1.31 on Thursday.

Cyanotech Corporation CYAN

  • Cyanotech posted a Q3 loss of $0.10 per share. Cyanotech’s President and Chief Executive Officer, Matthew K. Custer, said, "Sales in the third quarter improved by $712,000, or 14%, compared to the second quarter, as we saw modest improvement in consumer movement on both finished goods and bulk sales. However, both of our online finished good sales and our international bulk sales are still not performing to historical levels." The company has a 52-week low of $0.8751.
  • RSI Value: 29.76
  • CYAN Price Action: Shares of Cyanotech fell 3.3% to close at $0.8801 on Thursday.

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