Of the 50 stocks making up our oversold list, just three also fall into the first quintile of our momentum factor, or the top 20% of stocks with the highest average six- and 12-month total returns (skipping the most recent two weeks). This pairing of strong momentum and oversold conditions could be a powerful combination, if history is a guide.
The three stocks that meet our criteria of strong momentum and oversold conditions are displayed, along with current momentum readings and 20-day z-scores. This cohort is led by Domino's Pizza, with a momentum score of positive 41.5% and 20-day z-score of negative 0.94. News Corp., with a momentum reading of 34.1% and z-score of negative 1.26, and S&P Global, with a momentum reading of 38.4% and z-score of negative 1.47, also make the list. #stocktalk
The three stocks that meet our criteria of strong momentum and oversold conditions are displayed, along with current momentum readings and 20-day z-scores. This cohort is led by Domino's Pizza, with a momentum score of positive 41.5% and 20-day z-score of negative 0.94. News Corp., with a momentum reading of 34.1% and z-score of negative 1.26, and S&P Global, with a momentum reading of 38.4% and z-score of negative 1.47, also make the list. #stocktalk