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, according to Benzinga Pro.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Dollar Tree Inc (NASDAQ:DLTR)
- On July 18, JP Morgan analyst Matthew Boss maintained Dollar Tree with an Overweight and raised the price target from $135 to $148. The company’s stock fell around 10% over the past month and has a 52-week low of $23.69.
- RSI Value: 27.53
- DLTR Price Action: Shares of Dollar Tree fell 1.2% to close at $93.90 on Monday.
- Benzinga Pro’s real-time newsfeed alerted to latest Dollar Tree news.
Estee Lauder Companies Inc (NYSE:EL)
- On Aug. 13, Telsey Advisory Group analyst Dana Telsey maintained Estee Lauder Cos with a Market Perform and maintained a $115 price target.. The company’s stock fell around 15% over the past month. It has a 52-week low of $86.05.
- RSI Value: 18.84
- EL Price Action: Shares of Estee Lauder closed at $86.20 on Monday.
- Benzinga Pro’s charting tool helped identify the trend in EL stock.
Vital Farms, Inc. (NASDAQ:VITL)
- On Aug. 8, Vital Farms posted better-than-expected quarterly results. “Vital Farms got off to a great start in the first quarter of the year and we followed with another strong performance in the second quarter. We posted second quarter net revenue of $147.4 million, 38.5% growth versus the same period last year. I would like to thank all of our stakeholders who helped drive our mission of delivering ethical food to the table,” said Russell Diez-Canseco, Vital Farms’ President and CEO.The company’s shares fell around 27% over the past month and has a 52-week low of $10.30.
- RSI Value: 27.47
- VITL Price Action: Shares of Vital Farms closed at $30.96 on Monday.
- Benzinga Pro’s signals feature notified of a potential breakout in VITL shares.
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