Cohen & Steers, Inc. (CNS)

Rise of the Underdogs: 3 Oversold Stocks Making a Comeback

New investors often misinterpret oversold signals from the relative strength index (RSI) as a buy signal. However, an oversold signal is only a sign of where to look. It only tells us that security may have been moving to the downside too fast and there exists the possibility of making a quick trade with a price bounce. This means that prices can potentially drop further. In some cases, however, the oversold signal marks the start of some oversold stocks bottoming out, and heading back up in pri