Top 3 Energy Stocks That Could Blast Off This Month
Portfolio Pulse from Avi Kapoor
The article highlights three oversold energy stocks with potential for short-term gains: FutureFuel Corp. (NYSE:FF), Green Plains Inc. (NASDAQ:GPRE), and Ultrapar Participações S.A. (NYSE:UGP). These stocks have RSI values below 30, indicating they are oversold and may present buying opportunities.
June 03, 2024 | 11:43 am
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FutureFuel Corp. (NYSE:FF) has an RSI of 24.57, indicating it is oversold. The stock fell around 10% over the past five days, closing at $4.28 on Friday. CEO Tom McKinlay will retire on Sept. 30.
The low RSI value indicates the stock is oversold, suggesting a potential rebound. The CEO's retirement may have contributed to the recent price drop, but this could be a temporary effect.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Green Plains Inc. (NASDAQ:GPRE) has an RSI of 28.67, indicating it is oversold. The stock fell around 15% over the past month, closing at $17.17 on Friday. The company posted weaker-than-expected quarterly sales on May 3.
The low RSI value indicates the stock is oversold, suggesting a potential rebound. The weaker-than-expected sales have already impacted the stock price, but improved margins could lead to a recovery.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Ultrapar Participações S.A. (NYSE:UGP) has an RSI of 28.19, indicating it is oversold. The stock fell around 17% over the past month, closing at $4.43 on Friday.
The low RSI value indicates the stock is oversold, suggesting a potential rebound. The significant price drop over the past month may present a buying opportunity.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100