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Whenever looking at a technical indicator, it helps to know if sentiment also agrees with your finding.

Below we present 24 companies that are currently oversold, as measured by the RSI(14) index with readings below 40. These companies have also been seeing interest from the smart money, with net institutional buying over the last two quarters.



Do you think these stocks are about to rebound? Use this list as a starting point for your own analysis into smart money plays.

List sorted by market cap. (Note: Data collected on Friday afternoon)

1. Google Inc. (NASDAQ:GOOG): Internet Information Providers Industry. Market cap of $186.0B. RSI(14) at 27.03. Net institutional shares purchased during the current quarter at 4.9M and 1.8M net institutional shares purchased over the previous quarter. The stock is currently stuck in a downtrend, trading 8.29% below its SMA20, 10.57% below its SMA50, and 5.08% below its SMA200. The stock has gained 5.15% over the last year.



2. Citigroup, Inc. (NYSE:C): Money Center Banks Industry. Market cap of $129.0B. RSI(14) at 39.01. Net institutional shares purchased during the current quarter at 3.4B and 1.5B net institutional shares purchased over the previous quarter. This is a risky stock that is significantly more volatile than the overall market (beta = 2.54). The stock has lost 2.85% over the last year.



3. Toyota Motor Corp. (NYSE:TM): Auto Manufacturer. Market cap of $122.12B. RSI(14) at 33.8. Net institutional shares purchased during the current quarter at 369.0K and 678.8K net institutional shares purchased over the previous quarter. TM has a relatively low correlation to the market (beta = 0.71), which may be appealing to risk-averse investors. The stock has lost 1.88% over the last year.



4. The Goldman Sachs Group, Inc. (NYSE:GS):
Diversified Investments Industry. Market cap of $81.09B. RSI(14) at 36.04. Net institutional shares purchased during the current quarter at 1.4M and 5.8M net institutional shares purchased over the previous quarter. The stock has lost 2.15% over the last year.

5. American International Group, Inc. (NYSE:AIG): Property & Casualty Insurance Industry. Market cap of $60.26B. RSI(14) at 28.62. Net institutional shares purchased during the current quarter at 13.5M and 3.6M net institutional shares purchased over the previous quarter. The stock is currently stuck in a downtrend, trading 5.17% below its SMA20, 10.91% below its SMA50, and 7.67% below its SMA200. The stock has gained 2.26% over the last year.

6. U.S. Bancorp (NYSE:USB)
: Banking Industry. Market cap of $49.75B. RSI(14) at 37.72. Net institutional shares purchased during the current quarter at 30.7M and 7.0M net institutional shares purchased over the previous quarter. The stock has lost 4.83% over the last year.

7. General Motors Company (NYSE:GM): Auto Manufacturer. Market cap of $47.73B. RSI(14) at 34.82. Net institutional shares purchased during the current quarter at 446.6M and 1.4M net institutional shares purchased over the previous quarter. It's been a rough couple of days for the stock, losing 5.35% over the last week.

8. Morgan Stanley (NYSE:MS): Investment Brokerage Industry. Market cap of $41.51B. RSI(14) at 37.39. Net institutional shares purchased during the current quarter at 26.6M and 20.5M net institutional shares purchased over the previous quarter. The stock has lost 7.46% over the last year.

9. Mosaic Co. (NYSE:MOS): Agricultural Chemicals Industry. Market cap of $33.71B. RSI(14) at 34.1. Net institutional shares purchased during the current quarter at 1.7M and 9.9M net institutional shares purchased over the previous quarter. The stock has gained 39.93% over the last year.

10. Corning Inc. (NYSE:GLW): Diversified Electronics Industry. Market cap of $30.72B. RSI(14) at 37.58. Net institutional shares purchased during the current quarter at 24.9M and 18.5M net institutional shares purchased over the previous quarter. GLW might be undervalued at current levels, with a PEG ratio at 0.75, and P/FCF ratio at 12.22. The stock has lost 0.3% over the last year.

11. Southern Copper Corp. (NYSE:SCCO): Copper Industry. Market cap of $30.49B. RSI(14) at 31.19. Net institutional shares purchased during the current quarter at 1.9M and 2.6M net institutional shares purchased over the previous quarter. The stock is currently stuck in a downtrend, trading 8.45% below its SMA20, 11.9% below its SMA50, and 6.11% below its SMA200. It's been a rough couple of days for the stock, losing 8.31% over the last week.

12. Companhia Siderurgica Nacional (NYSE:SID): Steel & Iron Industry. Market cap of $23.14B. RSI(14) at 35.21. Net institutional shares purchased during the current quarter at 3.0M and 2.7M net institutional shares purchased over the previous quarter. It's been a rough couple of days for the stock, losing 7.64% over the last week.

13. Broadcom Corp. (NASDAQ:BRCM): Semiconductor Industry. Market cap of $20.57B. RSI(14) at 38.92. Net institutional shares purchased during the current quarter at 17.3M and 10.1M net institutional shares purchased over the previous quarter. The stock has gained 9.63% over the last year.

14. BB & T Corp. (NYSE:BBT): Regional Bank. Market cap of $18.41B. RSI(14) at 35.56. Net institutional shares purchased during the current quarter at 11.5M and 796.8K net institutional shares purchased over the previous quarter. The stock has lost 19.75% over the last year.

15. Alcoa, Inc. (NYSE:AA): Aluminum Industry. Market cap of $17.59B. RSI(14) at 38.53. Net institutional shares purchased during the current quarter at 8.1M and 20.6M net institutional shares purchased over the previous quarter. This is a risky stock that is significantly more volatile than the overall market (beta = 2.09). It's been a rough couple of days for the stock, losing 8.66% over the last week.

16. ASML Holding NV (NASDAQ:ASML): Semiconductor Equipment & Materials Industry. Market cap of $17.15B. RSI(14) at 35.11. Net institutional shares purchased during the current quarter at 9.7M and 14.3M net institutional shares purchased over the previous quarter. After a solid performance over the last year, ASML has pulled back during recent sessions. The stock is 6.45% below its SMA20 and 6.98% below its SMA50, but remains 13.19% above its SMA200. The stock has gained 14.91% over the last year.

17. WPP plc (NASDAQ:WPPGY):
Advertising Agencies Industry. Market cap of $14.94B. RSI(14) at 34.28. Net institutional shares purchased during the current quarter at 348.6K and 520.3K net institutional shares purchased over the previous quarter. It's been a rough couple of days for the stock, losing 5.91% over the last week.

18. Cameron International Corporation (NYSE:CAM):
Oil & Gas Equipment & Services Industry. Market cap of $13.07B. RSI(14) at 33.56. Net institutional shares purchased during the current quarter at 603.6K and 11.6M net institutional shares purchased over the previous quarter. After a solid performance over the last year, CAM has pulled back during recent sessions. The stock is 6.3% below its SMA20 and 8.09% below its SMA50, but remains 12.94% above its SMA200. The stock has gained 19.26% over the last year.

19. Marriott International, Inc. (NASDAQ:MAR): Lodging Industry. Market cap of $12.49B. RSI(14) at 29.43. Net institutional shares purchased during the current quarter at 2.0M and 10.0M net institutional shares purchased over the previous quarter. The stock has gained 1.22% over the last year.

20. Nexen Inc. (NXY):
Independent Oil & Gas Industry. Market cap of $12.29B. RSI(14) at 36.94. Net institutional shares purchased during the current quarter at 4.6M and 4.8M net institutional shares purchased over the previous quarter. It's been a rough couple of days for the stock, losing 5.92% over the last week.

21. First Solar, Inc. (NASDAQ:FSLR): Semiconductor Industry. Market cap of $12.10B. RSI(14) at 29.03. Net institutional shares purchased during the current quarter at 1.9M and 1.4M net institutional shares purchased over the previous quarter. The stock is a short squeeze candidate, with a short float at 27.5% (equivalent to 8.21 days of average volume). It's been a rough couple of days for the stock, losing 5.31% over the last week.

22. Mechel OAO (NYSE:MTL): Steel & Iron Industry. Market cap of $11.77B. RSI(14) at 39.19. Net institutional shares purchased during the current quarter at 4.7M and 2.6M net institutional shares purchased over the previous quarter. This is a risky stock that is significantly more volatile than the overall market (beta = 2.56). It's been a rough couple of days for the stock, losing 7.98% over the last week.

23. Lincoln National Corp. (NYSE:LNC): Life Insurance Industry. Market cap of $9.07B. RSI(14) at 36.42. Net institutional shares purchased during the current quarter at 1.8M and 8.1M net institutional shares purchased over the previous quarter. This is a risky stock that is significantly more volatile than the overall market (beta = 2.55). LNC might be undervalued at current levels, with a PEG ratio at 0.9, and P/FCF ratio at 5.4. The stock has lost 7.92% over the last year.

24. Delta Air Lines Inc. (NYSE:DAL): Major Airlines Industry. Market cap of $7.81B. RSI(14) at 37.41. Net institutional shares purchased during the current quarter at 5.1M and 3.1M net institutional shares purchased over the previous quarter. This is a risky stock that is significantly more volatile than the overall market (beta = 2.5). The stock is currently stuck in a downtrend, trading 5.24% below its SMA20, 12.39% below its SMA50, and 21.37% below its SMA200. The stock has lost 32.59% over the last year.

*Institutional data sourced from Fidelity, RSI(14) and all other 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: 24 Oversold Stocks Seeing Institutional Buying Over Last 6 Months