Top 4 Consumer Stocks That Could Blast Off This Quarter

The most oversold stocks in the consumer discretionary 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.

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

Sacks Parente Golf, Inc. SPGC

• The company posted a narrower loss for the second quarter. Timothy Triplett, Sacks Parente Golf’s Chief Executive Officer, commented, “Our recent IPO represents a new beginning for Sacks Parente, as the capital raised will help us to expand our product offerings beyond cutting-edge putters and into cutting-edge shafts, and further penetrate the rapidly growing Asian golf markets.” The company’s stock has a 52-week low of $0.77 .
• RSI Value: 10.42
• SPGC Price Action: Shares of Sacks Parente Golf fell 6% to close at $0.78 on Friday.

Cheetah Net Supply Chain Service Inc. CTNT

• Cheetah Net Supply Chain posted a year-over-year decline in second-quarter sales. “Leveraging our keen insight into shifts in demand for luxury automobile brands in China and procurement optimization skills, we delivered a 400-basis point expansion in our gross profit margin for the second quarter, sustained positive net income, and generated positive operating cash flow,” said Cheetah’s Chairman and CEO Tony Liu. It has a 52-week low of $1.02.
• RSI Value: 28.99
• CTNT Price Action: Shares of Cheetah Net Supply Chain Service fell 12.8% to close at $1.02 on Friday.

MGO Global, Inc. MGOL

• MGO Global Inc welcomed marketing industry veteran Jeff Lerner to the MGO team as a key corporate advisor to the Company's leadership team, effective immediately. Maximiliano Ojeda, Co-Founder, Chairman and CEO of MGO, stated, “Jeff's wealth of knowledge, experience and marketing expertise has put him at the top of his field.” The company’s stock has a 52-week low of $0.42.
• RSI Value: 20.55
• MGOL Price Action: Shares of MGO Global fell 8.9% to close at $0.4463 on Friday.

Digital Brands Group, Inc. DBGI

• DBG reported closing of $5.0 million private placement priced at-the-market under Nasdaq rules. The company’s 52-week low is $3.80.
• RSI Value: 26.23
• DBGI Price Action: Shares of Digital Brands fell 7.9% to close at $3.87 on Friday.

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