The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

Pilgrims Pride Corp (NASDAQ:PPC)

  • On April 13, Pilgrim’s Pride announced pricing of tender offer for its 6.250% senior notes due 2033. The company's stock fell around 10% over the past month and has a 52-week low of $32.79.
  • RSI Value: 29.4
  • PPC Price Action: Shares of Pilgrims Pride rose 0.1% to close at $33.65 on Thursday.
  • Edge Stock Ratings: 7.73 Momentum score with Value at 82.34.

Hershey Co (NYSE:HSY)  

  • On April 14, BTIG analyst Rob Dickerson initiated coverage on Hershey with a Neutral rating. The company's stock fell around 10% over the past five days and has a 52-week low of $150.04.
  • RSI Value: 28.9
  • HSY Price Action: Shares of Hershey fell 0.3% to close at $191.36 on Thursday.
  • Benzinga Pro’s charting tool helped identify the trend in HSY stock.

FitLife Brands Inc (NASDAQ:FTLF)

  • On April 2, Lake Street analyst Ryan Meyers maintained FitLife Brands with a Buy and lowered the price target from $21 to $18.. The company's stock fell around 33% over the past month and has a 52-week low of $8.67.
  • RSI Value: 27.5
  • FTLF Price Action: Shares of FitLife Brands fell 0.5% to close at $9.25 on Thursday.
  • Benzinga Pro’s signals feature notified of a potential breakout in FTLF shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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