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Top 3 Health Care Stocks That Could Blast Off This Month – Eli Lilly (NYSE:LLY), Veracyte (NASDAQ:VCYT)


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.

Veracyte Inc (NASDAQ:VCYT)

  • On July 30, Veracyte posted better-than-expected quarterly earnings. “Q2 was a milestone quarter for Veracyte as we launched two new products, Prosigna LDT and TrueMRD for MIBC, while also delivering strong double-digit revenue growth, profitability and cash generation,” said Marc Stapley, Veracyte’s chief executive officer. The company’s stock fell around 29% over the past month and has a 52-week low of $28.25.
  • RSI Value: 28.8
  • VCYT Price Action: Shares of Veracyte fell 3.3% to close at $40.68 on Tuesday.
  • Edge Stock Ratings: 71.08 Momentum score with Value at 53.52.