Sector MarketCarpet in RSI Mode Reveals Most Oversold Stocks

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

Stocks took a beating over the last few weeks, and some more than others. The Sector MarketCarpet below reflects the absolute value for RSI on February 3rd. Stocks with low RSI values have dark red squares, while stocks with relatively high values have green squares. Most of the green can be found in the utilities sector. The red is a bit scattered with some of the lowest levels found in the consumer discretionary sector. RSI is great indicators for finding oversold stocks and stocks that are bucking the trend. Click here to learn more about MarketCarpets.

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Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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