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Here are the most oversold stocks due for a technical bounce after another tough week

Chaim Potok by Chaim Potok
March 22, 2025
in Investing
Here are the most oversold stocks due for a technical bounce after another tough week
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Following another difficult week for the markets, certain stocks are showing oversold signals, meaning they may be due for a comeback. Fears of a recession and tariff uncertainty continued to pressure stocks. The S & P 500 and the 30-stock Dow Jones Industrial Average eked out narrow gains on Friday, while the Nasdaq Composite rose 0.5%. The broad market index managed to break a four-week losing streak, however. Amid this tumultuous backdrop, CNBC Pro used its stock screener tool to identify the most oversold stocks on Wall Street, through their 14-day relative strength index, or RSI. Stocks with a 14-day RSI reading below 30 are considered oversold, signaling a positive move higher may be in store. Check out this screener in detail here . A few consumer-focused names made this week’s oversold list. Retailers Costco and Target were among them. Target has a 14-day RSI score of just 19.13. Shares finished 0.6% lower on the week, and it is down more than 16% in March. The company recently warned that February sales were soft and that it sees a “meaningful” drop in first-quarter profit compared with a year earlier. Analysts are optimistic on the stock’s upward potential, even as Target shares have suffered. Consensus price targets call for upside of more than 32%, per LSEG. TGT YTD mountain Target shares in 2025 Meanwhile, Costco has a 14-day RSI reading of around 28.9. Shares rose 0.6% for the week, but shares are still down more than 13% in March. The retail giant has had a difficult month after posting an earnings miss in the fiscal second quarter. However, going by the average price target on Costco shares, the stock could see a rebound of about 19%, according to LSEG. Analysts also largely hold a buy or strong buy rating on the stock. Shoe retailer Deckers Outdoor is another heavily oversold name that could soon see a comeback. Deckers, which has a 14-day RSI of about 21.6, declined 0.7% during the week. Shares are down 15% in March and are nearly 42% lower year to date. However, the consensus price target indicates it may be heavily oversold. Analysts estimate shares soaring nearly 85% from current levels, and most have a strong buy or buy rating, per LSEG.



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