Top 3 Financial Stocks That May Explode In June

The most oversold stocks in the financial 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.

Western Union Co (NYSE:WU)

• On June 5, Western Union reported inducement grants under New York Stock Exchange listing rule 303A.08. The company's stock fell around 14% over the past month and has a 52-week low of $7.21.
• RSI Value: 29.7
• WU Price Action: Shares of Western Union rose 0.1% to close at $7.26 on Tuesday.
• Edge Stock Ratings: 8.52 Momentum score with Value at 47.93.

Bullish (NYSE:BLSH)        

• On June 16, JP Morgan analyst Kenneth Worthington maintained Bullish with a Neutral and lowered the price target from $43 to $26. The company's stock fell around 27% over the past month and has a 52-week low of $24.79.
• RSI Value: 29.3
• BLSH Price Action: Shares of Bullish fell 9.1% to close at $25.96 on Tuesday.
• Benzinga Pro’s charting tool helped identify the trend in BLSH stock.

BlackRock TCP Capital Corp (NASDAQ:TCPC)

• On May 7, the company said net investment income, on a GAAP basis, was $18.5 million, or 22 cents per share on a diluted basis for the quarter ended March 31. The company's stock fell around 11% over the past month and has a 52-week low of $3.43.
• RSI Value: 29.4
• TCPC Price Action: Shares of BlackRock TCP Capital fell 3.3% to close at $3.48 on Tuesday.
• Benzinga Pro’s signals feature notified of a potential breakout in TCPC 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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