The most oversold stocks in the financial sector offer an opportunity to buy into undervalued companies.
The RSI is a momentum indicator that compares a stock’s strength on rising days to its strength on falling days. Compared to a stock’s price action, it can give traders a better sense of how a stock might perform in the short term. An asset is typically considered oversold when the The RSI is below 30.
Here is the latest list of the major oversold players in this sector with an RSI near or below 30.
Investor holding company ISTR
- Investar Holding recently announced a quarterly cash dividend of $0.095 per share for holders of the Company’s common stock. The company’s stock has a 52-week low of $13.31 .
- RSI value: 18.79
- ISTR Price Action: Shares in Investar Holding fell 1.7% to close at $13.43 on Tuesday.
BCB Bancorp, Inc. BCBP
- Keefe, Bruyette & Woods kept BCB Bancorp with market performance and lowered the price target to $17.5 from $21. The companys The stock is at a 52-week low from $11.65.
- RSI value: 23.89
- BCBP Price Action: BCB Bancorp shares fell 1.4% to close at $11.76 on Tuesday.
AFC Gamma, Inc. AFCG
- AFC Gamma appointed Brandon Hetzel as CFO and Treasurer. The company’s stock has a 52 week low of $11.09.
- RSI value: 29.86
- AFCG Price Action: AFC Gamma shares fell 1.2% to close at $11.23 on Tuesday.
Greenhill & Co., Inc. GHL
- Goldman Sachs held Greenhill & Co with sale and lowered the target price to $8.5 from $9.5. The company’s 52-week low is $5.65.
- RSI value: 24.44
- GHL Price Promotion: Greenhill shares fell 1.1% to close at $6.94 on Tuesday.
Central Valley Community Bancorp CVCY
- The Central Valley Community released better than expected Q4 results. The company has a 52-week low from $14.16.
- RSI value: 21.44
- CVCY Price Action: Central Valley Community Bancorp shares fell 0.6% to close at $18.72 on Tuesday.
Continue reading: Fear & Greed Index Stays Ahead in the “Greed” Zone…
[ad_2]
Source story