Top 3 Energy Stocks That Could Blast Off In July

The most oversold stocks in the energy 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 Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Scorpio Tankers Inc (NYSE: STNG ) On June 30, B of A Securities analyst Ken Hoexter downgraded Scorpio Tankers from Buy to Underperform and lowered the price target from $100 to $78. The company’s stock fell around 14% over the past five days and has a 52-week low of $39.03. RSI Value: 29.9 STNG Price Action: Shares of Scorpio Tankers...