9 Oversold Stocks With Bullish Trends From Hedge Funds And Short Sellers
By Kapitall:Do you like to follow the technical trading patterns of stocks? For ideas on how to start your search, we ran a screen. We began by screening for technically oversold stocks, with RSI(14) below 40. We then screened for those with bullish sentiment from institutional investors, with significant net institutional purchases over the current quarter. Finally, we screened for those with bullish trends in shares shorted, with significant decreases in shares shorted month-over-month.
Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.
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We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here. Do youComplete Story »