Top 3 Consumer Stocks That May Rocket Higher This Quarter

The most oversold stocks in the consumer discretionary 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.

Visteon Corp (NASDAQ:VC)

• On Oct. 27, Visteon announced the departure of its chief financial officer. The company’s stock fell around 16% over the past month and has a 52-week low of $69.99.
• RSI Value: 24.7
• VC Price Action: Shares of Visteon gained 1.1% to close at $73.23 on Thursday.
• Edge Stock Ratings: 5.84 Momentum score with Value at 94.71.

Sea Ltd (NYSE:SE)

• On Oct. 28, JP Morgan analyst Ranjan Sharma maintained Sea with an Overweight rating and lowered the price target from $173 to $149. The company’s stock fell around 21% over the past month and has a 52-week low of $71.53.
• RSI Value: 25.7
• SE Price Action: Shares of Sea gained 1.8% to close at $76.55 on Thursday.
• Benzinga Pro’s charting tool helped identify the trend in SE stock.

One Group Hospitality Inc (NASDAQ:STKS)

• ONE Group Hospitality said it will host third quarter earnings conference call and webcast on Nov. 4. The company’s stock fell around 31% over the past month and has a 52-week low of $1.07.
• RSI Value: 25.8
• STKS Price Action: Shares of One Group Hospitality fell 3.9% to close at $1.10 on Thursday.
• Benzinga Pro’s signals feature notified of a potential breakout in STKS shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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