Expedia and this beauty stock are among the most oversold names on Wall Street. Here are the others

A slate of prominent stocks have sat out this week's rally and are oversold — but they may be due for a rebound. The S & P 500 is poised for its third straight winning week, touting a 1.8% advance. Both the Nasdaq Composite and the Dow Jones Industrial Average are also on pace for solid weekly gains. Even as the overall market rose this week, certain individual stocks saw a sharp decline.

Pro Stock Screener tool , we found the most overbought and oversold stocks on Wall Street based on their 14-day relative strength index, or RSI. Stocks with a 14-day RSI lower than 30 fall under oversold territory — and may be due for a rebound in the future. Conversely, stocks with RSI levels over 70 are considered overbought and may go through a pullback. Here are some of the most oversold names: Expedia made the cut of oversold names, off more than 2% week to date.

line Expedia's performance over the past five days Ulta is another stock on the oversold list. The beauty retailer has lost nearly 24% in the current quarter as it struggles with increased competition. Barclays downgraded shares to equal weight from overweight on April 29. The firm also slashed its price target to $434 from $612, citing a faster-than-expected slowdown in the beauty segment. The stock has a 14-day RSI of 29.

also found some names that could see a pullback. Here are the S & P 500′s most overbought stocks: Defense tech company Leidos Holdings is the most overbought name on the list, with shares holding a 14-day RSI reading of 83.069. Although analysts overall have a buy rating on the stock, the consensus price target suggests shares may only have 7.7% upside from their current levels. Leidos shares are up more than 3% week to date and are up nearly 36% in 2024.

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Garmin Ltd Garmin Ltd Nextera Energy Inc Leidos Holdings Inc Expedia Group Inc Ulta Beauty Inc Markets Breaking News: Markets Business News

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