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If you’re interested in contrarian ideas, then this list may be an interesting place to start your analysis.

The following list of stocks have a Relative Strength Index, or RSI(14), valued between 25-40, a state that typically signals oversold conditions. Furthermore, all of these names have seen significant net selling from institutional investors in the current quarter.

If you’re a contrarian, this extreme pessimism might raise a flag.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

We also created a price-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.

Is this excessive pessimism justified? Use the list below as a starting point for your own analysis.

List sorted by % of net institutional shares sold in CQ.

1. Kohl's Corp. (NYSE:KSS): Department Stores Industry. Market cap of $14.92B. RSI(14) 28.69. Institutional investors sold 18.3M shares over the current quarter, representing 6.78% of the 270.10M share float. It's been a rough couple of days for the stock, losing 5.2% over the last week.

2. Ford Motor Co. (NYSE:F): Auto Manufacturers Industry. Market cap of $53.86B. RSI(14) 27.97. Institutional investors sold 202.9M shares over the current quarter, representing 5.95% of the 3.41B share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.38). Might be undervalued at current levels, with a PEG ratio at 0.91, and P/FCF ratio at 7.34. The stock has gained 18.56% over the last year.

3. Limited Brands, Inc. (LTD): Apparel Stores Industry. Market cap of $12.06B. RSI(14) 38.09. Institutional investors sold 15.1M shares over the current quarter, representing 5.88% of the 256.69M share float. The stock has gained 46.67% over the last year.

4. Target Corp. (NYSE:TGT): Discount, Variety Stores Industry. Market cap of $33.04B. RSI(14) 31.48. Institutional investors sold 34.9M shares over the current quarter, representing 5.07% of the 688.35M share float. The stock has lost 10.29% over the last year.

5. L-3 Communications Holdings Inc. (NYSE:LLL): Aerospace/Defense Products & Services Industry. Market cap of $8.53B. RSI(14) 36.71. Institutional investors sold 5.2M shares over the current quarter, representing 4.92% of the 105.66M share float. The stock has lost 1.4% over the last year.

6. The Kroger Co. (NYSE:KR): Grocery Stores Industry. Market cap of $14.41B. RSI(14) 37.92. Institutional investors sold 24.9M shares over the current quarter, representing 4.36% of the 570.71M share float. The stock has gained 20.98% over the last year.

7. Nordstrom Inc. (NYSE:JWN): Apparel Stores Industry. Market cap of $9.70B. RSI(14) 33.58. Institutional investors sold 6.6M shares over the current quarter, representing 3.89% of the 169.71M share float. The stock has gained 17.96% over the last year.

8. W.W. Grainger, Inc. (NYSE:GWW): Industrial Equipment Wholesale Industry. Market cap of $10.03B. RSI(14) 39.31. Institutional investors sold 2.2M shares over the current quarter, representing 3.66% of the 60.10M share float. The stock has gained 42.3% over the last year.

9. Stericycle, Inc. (NASDAQ:SRCL): Waste Management Industry. Market cap of $7.52B. RSI(14) 34.66. Institutional investors sold 3.0M shares over the current quarter, representing 3.65% of the 82.25M share float. The stock has gained 46.16% over the last year.

10. Whole Foods Market, Inc. (NASDAQ:WFM): Grocery Stores Industry. Market cap of $10.31B. RSI(14) 31.23. Institutional investors sold 5.7M shares over the current quarter, representing 3.65% of the 156.29M share float. The stock has gained 47.95% over the last year.

11. Western Union Co. (NYSE:WU): Personal Services Industry. Market cap of $12.87B. RSI(14) 34.96. Institutional investors sold 22.9M shares over the current quarter, representing 3.63% of the 631.31M share float. The stock has gained 27.83% over the last year.

12. Cummins Inc. (NYSE:CMI): Diversified Machinery Industry. Market cap of $20.23B. RSI(14) 37.61. Institutional investors sold 6.5M shares over the current quarter, representing 3.37% of the 193.01M share float. The stock has performed poorly over the last month, losing 10.85%.

13. POSCO (NYSE:PKX): Steel & Iron Industry. Market cap of $31.05B. RSI(14) 32.05. Institutional investors sold 8.5M shares over the current quarter, representing 3.13% of the 271.65M share float. The stock has gained 2.69% over the last year.

14. Kimberly-Clark Corporation (NYSE:KMB): Personal Products Industry. Market cap of $26.28B. RSI(14) 39.39. Institutional investors sold 11.6M shares over the current quarter, representing 2.96% of the 391.89M share float. Relatively low correlation to the market (beta = 0.43), which may be appealing to risk averse investors. The stock has gained 12.66% over the last year.

15. Ameriprise Financial Inc. (NYSE:AMP): Asset Management Industry. Market cap of $14.29B. RSI(14) 36.02. Institutional investors sold 6.7M shares over the current quarter, representing 2.77% of the 241.58M share float. The stock has gained 48.74% over the last year.

16. Weatherford International Ltd. (NYSE:WFT): Oil & Gas Equipment & Services Industry. Market cap of $14.36B. RSI(14) 37.55. Institutional investors sold 20.3M shares over the current quarter, representing 2.76% of the 736.59M share float. The stock has gained 40.45% over the last year.

17. Fastenal Co. (NASDAQ:FAST): General Building Materials Industry. Market cap of $9.38B. RSI(14) 35.14. Institutional investors sold 7.2M shares over the current quarter, representing 2.69% of the 267.52M share float. The stock has gained 24.94% over the last year.

18. Magna International, Inc. (NYSE:MGA): Auto Parts Industry. Market cap of $11.30B. RSI(14) 37.47. Institutional investors sold 5.5M shares over the current quarter, representing 2.56% of the 214.49M share float. Might be undervalued at current levels, with a PEG ratio at 0.91, and P/FCF ratio at 14.89. The stock has gained 36.14% over the last year.

19. PACCAR Inc. (NASDAQ:PCAR): Trucks & Other Vehicles Industry. Market cap of $17.40B. RSI(14) 30.3. Institutional investors sold 8.2M shares over the current quarter, representing 2.41% of the 339.60M share float. The stock is currently stuck in a downtrend, trading -6.78% below its SMA20, -7.77% below its SMA50, and -7.01% below its SMA200. It's been a rough couple of days for the stock, losing 5.12% over the last week.

20. Amphenol Corporation (NYSE:APH): Diversified Electronics Industry. Market cap of $9.37B. RSI(14) 38.75. Institutional investors sold 4.1M shares over the current quarter, representing 2.35% of the 174.12M share float. The stock has gained 26.04% over the last year.

*Institutional data sourced from Reuters, RSI(14) and all other data sourced from Finviz.

Source: Contrarian Ideas: 20 Oversold Stocks Being Dumped by the Big Money