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If you're looking for rebound ideas, the following list might offer an interesting starting point for your own analysis.

Here we present seven stocks that are trading at oversold conditions as described by their RSI(14) indicator. These companies are also sitting on relatively large holdings of cash, considering they have enough highly liquid assets to cover more than four quarters of their average quarterly operating expense.

We also created an equal weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.


(Click to enlarge)

Does this information make you more confident about the outlook of these companies? Full details below. (Note: RSI data collected on Monday afternoon, May 9)

1. Mesabi Trust (NYSE:MSB): Diversified Investments Industry. Market cap of $398.98M. RSI(14) at 29.47. Current cash holdings at $8.69M vs. average quarterly operating expenses over the last four quarters at 220.0K. Given the company's Cash/Avg. Quarterly Operating Expenses ratio, the company could go 39.5 quarters without generating revenue and still cover the average quarterly operating costs. The stock is currently stuck in a downtrend, trading -12.48% below its SMA20, -16.79% below its SMA50, and -15.01% below its SMA200. It's been a rough couple of days for the stock, losing 14.19% over the last week.

2. Northern Oil and Gas, Inc. (NYSEMKT:NOG): Oil & Gas Drilling & Exploration Industry. Market cap of $1.29B. RSI(14) at 37.45. Current cash holdings at $191.84M vs. average quarterly operating expenses over the last four quarters at 8.26M. Given the company's Cash/Avg. Quarterly Operating Expenses ratio, the company could go 23.22 quarters without generating revenue and still cover the average quarterly operating costs. The stock is a short squeeze candidate, with a short float at 26.86% (equivalent to 6.43 days of average volume).

3. Allied Nevada Gold Corp. (NYSEMKT:ANV): Gold Industry. Market cap of $3.06B. RSI(14) at 39.73. Current cash holdings at $321.08M vs. average quarterly operating expenses over the last four quarters at 29.4M. Given the company's Cash/Avg. Quarterly Operating Expenses ratio, the company could go 10.92 quarters without generating revenue and still cover the average quarterly operating costs. After a solid performance over the last year, ANV has pulled back during recent sessions. The stock is -12.02% below its SMA20 and -4.44% below its SMA50, but remains 23.14% above its SMA200. The stock has performed poorly over the last month, losing 13.41%.

4. Isis Pharmaceuticals, Inc. (NASDAQ:ISIS): Drug Manufacturer. Market cap of $850.50M. RSI(14) at 37.29. Current cash holdings at $426.82M vs. average quarterly operating expenses over the last four quarters at 39.82M. Given the company's Cash/Avg. Quarterly Operating Expenses ratio, the company could go 10.72 quarters without generating revenue and still cover the average quarterly operating costs. The stock is a short squeeze candidate, with a short float at 11.8% (equivalent to 16.55 days of average volume). It's been a rough couple of days for the stock, losing 8.96% over the last week.

5. SuccessFactors, Inc. (NYSE:SFSF): Business Software & Services Industry. Market cap of $2.64B. RSI(14) at 35.74. Current cash holdings at $367.49M vs. average quarterly operating expenses over the last four quarters at 60.57M. Given the company's Cash/Avg. Quarterly Operating Expenses ratio, the company could go 6.07 quarters without generating revenue and still cover the average quarterly operating costs. The stock is a short squeeze candidate, with a short float at 12.05% (equivalent to 7.59 days of average volume). After a solid performance over the last year, SFSF has pulled back during recent sessions. The stock is -8.5% below its SMA20 and -8.37% below its SMA50, but remains 13.86% above its SMA200. The stock has performed poorly over the last month, losing 12.04%.

6. Amyris Biotechnologies Inc. (NASDAQ:AMRS): Biotechnology Industry. Market cap of $1.13B. RSI(14) at 23.9. Current cash holdings at $227.18M vs. average quarterly operating expenses over the last four quarters at 50.95M. Given the company's Cash/Avg. Quarterly Operating Expenses ratio, the company could go 4.46 quarters without generating revenue and still cover the average quarterly operating costs. The stock has lost 3.06% over the last week.

7. Savient Pharmaceuticals, Inc. (SVNT): Biotechnology Industry. Market cap of $627.02M. RSI(14) at 30.32. Current cash holdings at $64.86M vs. average quarterly operating expenses over the last four quarters at 15.0M. Given the company's Cash/Avg. Quarterly Operating Expenses ratio, the company could go 4.32 quarters without generating revenue and still cover the average quarterly operating costs. This is a risky stock that is significantly more volatile than the overall market (beta = 2.15). The stock is a short squeeze candidate, with a short float at 23.52% (equivalent to 7.77 days of average volume).

*Data from financial statements sourced from Google Finance, other relevant data sourced from Finviz.

Source: Rebound Ideas: 7 Oversold Stocks With Sufficient Cash to Cover Operating Expenses