Sometime last week, I happened to see a quick blurb that eBay (EBAY) was trading within 5% of its 52-week low.
I did a quick screen courtesy of FINVIZ looking for stocks to buy in the U.S. — anything trading within 5% of its 52-week low and possessing a minimum market cap of $300 million. When stocks start to fall that low, it’s usually a good bet that some are hitting oversold territory. If so, they make great stocks to buy for the rebound.
A week ago, 31 stocks met my criteria. By today, the selection of stocks to buy had increased to 52, making my job a heck of lot easier. Seven different sectors had at least one stock trading at low levels. Here are three stocks that have fallen hard in the past year, but are poised for a rebound: