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The following is a list of five stocks releasing earnings over the next couple of days. Additionally, all of these names are trading under oversold conditions according to the RSI(14) indicator.

The famous indicator can range from 0 to 100, where RSI below 40 usually signals oversold conditions. All of the stocks mentioned in this list have RSI(14) readings in the oversold territory.



Given these conditions, which of the following earnings releases do you think is more likely to surprise on the upside? Use this list as a starting point for your own analysis. (Note: Data collected on Monday afternoon)

1. Westwood One Inc. (NASDAQ:WWON):
Entertainment Industry. Market cap of $139.15M. Earnings release scheduled for Apr-12. RSI(14) at 38.33. The stock is currently stuck in a downtrend, trading -8.7% below its SMA20, -12.39% below its SMA50, and -24.66% below its SMA200. The stock has lost 23.8% over the last year.

2. West Marine Inc. (NASDAQ:WMAR): Specialty Retail, Other Industry. Market cap of $229.77M. Earnings release scheduled for Apr-15. RSI(14) at 38.98. The stock is a short squeeze candidate, with a short float at 5.63% (equivalent to 12.1 days of average volume). The stock has lost 7.9% over the last year.

3. China Metro-Rural Holdings Limited (NYSEMKT:CNR):
Wholesale Industry. Market cap of $297.56M. Earnings release scheduled for Apr-15. RSI(14) at 39.05. After a solid performance over the last year, CNR has pulled back during recent sessions. The stock is -12.1% below its SMA20 and -6.31% below its SMA50, but remains 32.92% above its SMA200. The stock has gained 105.31% over the last year.

4. Lentuo International Inc. (NYSE:LAS): Auto Dealerships Industry. Market cap of $124.07M. Earnings release scheduled for Apr-13. RSI(14) at 39.3. It's been a rough couple of days for the stock, losing 7.47% over the last week.

5. Wonder Auto Technology, Inc. (OTCPK:WATG): Auto Parts Industry. Market cap of $182.84M. Earnings release scheduled for Apr-14. RSI(14) at 39.64. This is a risky stock that is significantly more volatile than the overall market (beta = 2.18). The stock is a short squeeze candidate, with a short float at 13.55% (equivalent to 6.62 days of average volume). The stock has performed poorly over the last month, losing 19.64%.

*All data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 5 Oversold Stocks Releasing Earnings This Week