The stock market ended the volatile week lower, but there could still be opportunities for plenty of companies' shares to rebound.
The stock market ended the volatile week lower, but there could still be opportunities for plenty of companies' shares to rebound. Conversely, some stocks look like they are due for some more cooling off. After a slow start, , the major averages ultimately registered a weekly decline as inflationary fears, rising Treasury yields and subdued bank earnings weighed on investors. The S & P 500 and Dow Jones Industrial Average fell 1.6% and 2.
Pro used its stock screener tool to find the most overbought and oversold stocks on Wall Street as measured by their 14-day relative strength index, or RSI. Stocks with a 14-day RSI above 70 are considered overbought, which indicates that shares might soon turn lower. Conversely, a reading below 30 often signals that a stock is oversold, with a potential rebound possible. Devon Energy made the list of overbought stocks, dominated by oil and gas producers, with an RSI of 82.
's Fred Imbert contributed to this report.
Stock Market Volatile Week Rebound Shares Overbought Oversold
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