The most oversold stocks in the health care 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.

CVS Health Corp (NYSE:CVS)

  • On Sept. 17, Aetna, a healthcare subsidiary of CVS Health, expanded its prior authorization bundles across all cancer types for members in eligible Medicaid states. The company’s stock fell around 7% over the past five days and has a 52-week low of $69.51.
  • RSI Value: 29.9
  • CVS Price Action: Shares of CVS Health rose 1.6% to close at $88.84 on Friday.
  • Edge Stock Ratings: 73.29 Momentum score with Value at 40.33.

Steris PLC (NYSE:STE)    

  • On Aug. 5, Steris posted mixed results for the first quarter. “We are pleased with our performance in the first quarter,” said Dan Carestio, President and CEO of STERIS. “Our first quarter results reflected stable underlying demand, while our commercial teams continue to drive meaningful growth within the Healthcare segment.” The company’s stock fell around 13% over the past month and has a 52-week low of $195.14.
  • RSI Value: 25.3
  • STE Price Action: Shares of Steris fell 1.4% to close at $205.04 on Friday.
  • Benzinga Pro’s charting tool helped identify the trend in STE stock.

Baxter International Inc (NYSE:BAX)

  • On Aug. 19, Baxter International announced the appointment of John Rogers as CFO, effective Oct. 1. The company’s stock fell around 14% over the past month has a 52-week low of $15.73.
  • RSI Value: 28.7
  • BAX Price Action: Shares of Baxter fell 1% to close at $22.80 on Friday.
  • Benzinga Pro’s signals feature notified of a potential breakout in BAX 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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