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By Ian Hoffman

Below is a list of six companies that are technically oversold and potentially poised for a short-term bullish reversal.

Atmel Corp. (NASDAQ:ATML)

Atmel is engaged in designing, developing and supply of microcontrollers. It offers a portfolio of touch products, which integrate its microcontrollers with touch-focused property. The company also designs and sells products, which are complementary to is microcontroller business, including nonvolatile memory and flash memory products, radio frequency and mixed-signal components and application specific integrated circuits.

The company currently has 462.60M shares out and its stock trades around $10.18, giving it a market cap of roughly $4.71B. The stock's average daily trading volume is 9.15M. Shares of Atmel are trading about 37% below their 52-week high of $16.28. Institutional ownership stands at about 88% and, as of 01/31/12, the total short interest was 14.65M shares. Its forward P/E is 15.30.

Consensus analyst 12 month price target: $12

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SunTrust Banks, Inc. (NYSE:STI)

SunTrust is a commercial banking organization. It is a diversified financial services holding company whose businesses provide a range of financial services to consumer and corporate clients. Through its principal subsidiary, SunTrust Bank, the company provides deposit, credit, and trust and investment services. Additional subsidiaries provide mortgage banking, asset management, securities brokerage, capital market services, and credit-related insurance.

The company currently has 536.97M shares out and its stock trades around $21.79, giving it a market cap of roughly $11.70B. The stock's average daily trading volume is 8.66M. Shares of SunTrust are trading about 34% below their 52-week high of $33.14. Institutional ownership stands at about 81% and, as of 01/31/12, the total short interest was 10.96M shares. Its forward P/E is 8.18.

Consensus analyst 12 month price target: $24.875

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The Mosaic Company (NYSE:MOS)

Mosaic is a producer and marketer of concentrated phosphate and potash crop nutrients for the global agriculture industry. It is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. It mines phosphate rock in Florida and process rock into finished phosphate products at facilities in Florida and Louisiana. The company mines potash in Saskatchewan, New Mexico and Michigan.

It currently has 425.41M shares out and its stock trades around $54.97, giving it a market cap of roughly $23.34B. The stock's average daily trading volume is 4.78M. Shares of Mosaic are trading about 38% below their 52-week high of $88.68. Institutional ownership stands at about 58% and, as of 01/31/12, the total short interest was 4.74M shares. Its trailing P/E is 10.47.

Consensus analyst 12 month price target: $62.50

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Altera Corp. (NASDAQ:ALTR)

Altera is a semiconductor company that designs, manufactures and markets programmable logic devices (PLDs), HardCopy application-specific integrated circuits, intellectual property cores and development software. Its PLDs consist of field-programmable gate arrays and complex programmable logic devices, which are semiconductor integrated circuits, or chips, that its customers program to perform logic functions in their electronic systems.

The company currently has 322.05 shares out and its stock trades around $40.21, giving it a market cap of roughly $12.93B. The stock's average daily trading volume is 4.53M. Shares of Altera are trading about 19% below their 52-week high of $49.59. Institutional ownership stands at about 95% and, as of 01/31/12, the total short interest was 6.46M shares. Its forward P/E is 17.95.

Consensus analyst 12 month price target: $42.65

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Monsanto Company (NYSE:MON)

Monsanto, along with its subsidiaries, is a provider of agricultural products for farmers. Its seeds, biotechnology trait products, and herbicides provide farmers with solutions that improve productivity, reduce the costs of farming, and produce better foods for consumers and better feed for animals. It manages business in two segments: Seeds and Genomics, and Agricultural Productivity.

The company currently has 535.41M shares out and its stock trades around $77.78, giving it a market cap of roughly $41.63B. The stock's average daily trading volume is 4.48M. Shares of Monsanto are trading about 7% below their 52-week high of $83.94. Institutional ownership stands at about 83% and, as of 01/31/12, the total short interest was 7.11M shares. Its forward P/E is 19.10.

Consensus analyst 12 month price target: $85

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Avon Products, Inc. (NYSE:AVP)

Avon creates, manufactures and markets beauty and non-beauty-related products. Its product categories are beauty, fashion and home. Beauty consists of color cosmetics, fragrances, skin care and personal care. Fashion consists of fashion jewelry, watches, apparel, footwear, accessories and children's products. Home consists of gift and decorative products, housewares, entertainment and leisure products and nutritional products.

The company currently has 435.40M shares out and its stock trades around $18.36, giving it a market cap of roughly $7.99B. The stock's average daily trading volume is 6.64M. Shares of Avon are trading about 42% below their 52-week high of $31.60. Institutional ownership stands at about 88% and, as of 01/31/12, the total short interest was 10.09M shares. Its forward P/E is 9.47.

Consensus analyst 12 month price target: $22.50

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Source: 6 Technically Oversold Stocks With Strong Bullish Reversal Potential