Top 3 Risk Off Stocks That May Rocket Higher In May

The most oversold stocks in the consumer staples 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, according to Benzinga Pro.

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

Clorox Co (NYSE:CLX)

• On April 30, Clorox reported third-quarter revenue of $1.67 billion, flat versus the same period year-over-year. Organic sales were down 1% year-over-year in the quarter. “Our third-quarter results were mixed, with continued momentum in some parts of our portfolio and slower-than-anticipated market share recovery in others,” Clorox CEO Linda Rendle said. The company's stock fell around 7% over the past month and has a 52-week low of $95.11.
• RSI Value: 26.1
• CLX Price Action: Shares of Clorox gained 1.8% to close at $96.44 on Thursday.
• Edge Stock Ratings: 9.35 Momentum score with Value at 36.35.

Arcadia Biosciences Inc (NASDAQ:RKDA)        

• On March 26, Arcadia Biosciences posted downbeat quarterly results. The company's stock fell around 24% over the past month and has a 52-week low of $0.89.
• RSI Value: 26.9
• RKDA Price Action: Shares of Arcadia Biosciences fell 0.9% to close at $1.05 on Thursday.
• Benzinga Pro’s charting tool helped identify the trend in RKDA stock.

Big Tree Cloud Holdings Ltd (NASDAQ:DSY)

• On April 8, Big Tree Cloud Holdings announced transfer of listing to Nasdaq Capital Market. The company's stock fell around 17% over the past month and has a 52-week low of $2.00.
• RSI Value: 21.2
• DSY Price Action: Shares of Big Tree Cloud Holdings fell 12.1% to close at $2.03 on Thursday.
• Benzinga Pro’s signals feature notified of a potential breakout in DSY shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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