Reported 11 months ago
As stock prices fluctuate, they can become overbought or oversold. Two indicators of oversold stocks are RSI below 30 and stochastic oscillator below 20. Three real estate investment trusts (REITs) currently in or near oversold territory are Uniti Group Inc., Peakstone Realty Trust, and Clipper Realty Inc. Each REIT has experienced significant losses lately with Uniti undergoing a merger, Peakstone selling properties, and Clipper Realty showing revenue improvements. Investors should note that an oversold condition does not guarantee profitable buying, but it indicates potential undervaluation and increased buyer interest.
Source: YAHOO