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Are you looking for potential rebound ideas? If so, it might be worth following the opinions of analysts with track records of accurately predicting the direction of stock prices (i.e. "predictive" analysts).

To create this list, we started with a universe of about 350 oversold stocks based on the RSI(14) indicator, and collected data on analyst rating changes over the last three months. Analyst ratings are presented on a linear scale, with 1 = "Strong Buy" and 5 = "Strong Sell."

We sliced the analyst ratings data into three time periods separated by a month, and identified the group of analysts that have shown predictive value, i.e. been able to accurately predict the direction of stock moves for two consecutive time periods.

We further narrowed down the list by only focusing on those stocks that have seen bullish trends in analyst opinion. In other words, predictive analysts, with a proven (short-term) track record of predicting their stock's direction, think these stocks are due for a rebound.

Of course, past performance is no guarantee of future results. But the recent accuracy of these analyst ratings suggests their opinions may be a productive starting point for your own analysis.

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.

A quick reminder: Analyst ratings moving closer to 1 represent bullish trends, while ratings moving closer to 5 reflect bearish analyst sentiment. All alphas are relative to the S&P 500 index over comparable time periods.

Gen-Probe Inc. (NASDAQ:GPRO): Research Services Industry. Market cap of $3.1B. RSI(14) at 28.83, with the stock gaining 37.71% over the last year.

Mean average rating changed from 2.14 to 2.55 between 04/15/11 and 05/15/11 (bearish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of -10.57%.

Analysts also got it right between 05/15/11 and 06/14/11, with the mean rating changing from 2.55 to 2.59 (bearish change). Over the following month, the stock generated an alpha of -8.26% relative to the S&P 500 index, as predicted by the analysts.

This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 2.59 to 2.55 between 06/14/11 and 07/14/11 (i.e. bullish change).

Pinnacle West Capital Corporation (NYSE:PNW): Electric Utilities Industry. Market cap of $4.78B. RSI(14) at 39.96, with the stock gaining 19.62% over the last year.

Mean average rating changed from 2.62 to 2.67 between 04/15/11 and 05/15/11 (bearish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of -0.61%.

Analysts also got it right between 05/15/11 and 06/14/11, with the mean rating changing from 2.67 to 2.75 (bearish change). Over the following month, the stock generated an alpha of -0.85% relative to the S&P 500 index, as predicted by the analysts.

This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 2.75 to 2.69 between 06/14/11 and 07/14/11 (i.e. bullish change).

Frontier Communications Corporation (NASDAQ:FTR): Telecom Services Industry. Market cap of $7.78B. RSI(14) at 33.19, with the stock gaining 16.54% over the last year.

Mean average rating changed from 2.5 to 2.52 between 04/15/11 and 05/15/11 (bearish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of -6.42%.

Analysts also got it right between 05/15/11 and 06/14/11, with the mean rating changing from 2.52 to 2.57 (bearish change). Over the following month, the stock generated an alpha of -2.14% relative to the S&P 500 index, as predicted by the analysts.

This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 2.57 to 2.52 between 06/14/11 and 07/14/11 (i.e. bullish change).

Principal Financial Group Inc. (NYSE:PFG): Asset Management Industry. Market cap of $9.15B. RSI(14) at 37.22, with the stock gaining 14.8% over the last year.

Mean average rating changed from 2.61 to 2.63 between 04/15/11 and 05/15/11 (bearish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of -2.43%.

Analysts also got it right between 05/15/11 and 06/14/11, with the mean rating changing from 2.63 to 2.72 (bearish change). Over the following month, the stock generated an alpha of -4.16% relative to the S&P 500 index, as predicted by the analysts.

This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 2.72 to 2.68 between 6/14/11 and 7/14/11 (i.e. bullish change).

(Analyst ratings sourced from Reuters)

Source: Predictive Analysts' Top 4 Rebound Ideas