Top 3 Energy Stocks Which Could Rescue Your Portfolio This Month

Author: Lisa Levin | June 30, 2023 08:39am

The most oversold stocks in the energy 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.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Camber Energy, Inc. (NYSE:CEI)

• Camber Energy announced NYSE American acceptance of continued listing compliance plan. The company’s stock has a 52-week low of $0.6259 .
• RSI Value: 22.30
• CEI Price Action: Shares of Camber Energy rose 4.8% to close at $0.6532 on Wednesday.

Top Ships Inc. (NASDAQ:TOPS)

• Top Ships announced proposed spin-off of one of its Suezmax Tanker Vessels. It has a 52-week low of $0.5600.
• RSI Value: 25.60
• TOPS Price Action: Shares of Top Ships rose 0.6% to close at $0.5799 on Thursday.

Recon Technology, Ltd. (NASDAQ:RCON)

• Recon Technology was awarded a $1 million contract for ground control project in deep shale gas field. The company’s stock has a 52-week low of $0.28.
• RSI Value: 26.83
• RCON Price Action: Shares of Recon Technology rose 0.5% to close at $0.3472 on Thursday.

 

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Posted In: CEI RCON TOPS