3 Stocks to Buy on This Oil Dip

The oil-induced weakness in these three beauties is a gift…

This story was originally published here.

Plunging oil prices are sending shockwaves through the equities market, creating the first true risk-off day in a while. Though the selling frenzy is threatening the S&P 500’s fledgling uptrend, it is bringing some much-needed profit-taking to leading stocks. I’ve surveyed the landscape and found three of the best stocks to buy.

Their leadership was easy to spot. The first criterion I focused on was momentum during the most recent upswing. I scanned for stocks that had rallies ramping them to higher pivot highs. Additionally, their prices had to sit on the north side of the 20-day moving average. The second criterion aimed at this week’s retracement. The swing had to pull the stock back low enough to create a compelling low-risk, high-reward setup.

A handful of stocks qualified, but three were my favorite.

The beauty of today’s gallery comes from its diversified nature. It includes an operator of membership warehouses, a health and well-being company, and a semiconductor. Let’s take a closer look at how to buy the dip.

Editor's Note: To see all three stocks, click here.

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The AI Stocks Every Investor Should Have On Their Radar

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How to Collect "Amazon Royalty" Payouts Before the Deadline

Thanks to a little-known IRS loophole, regular Americans can collect up to $28,544 (or more) in payouts from what is called “Amazon’s secret royalty program”…
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Elon Musk's "Project Omega"

It could soon mint new millionaires, while plunging millions of unprepared Americans into poverty. Get the stocks at the center of it all.
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The #1 Trade For 2023

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Every Investor Should Have This $3 AI Stock On Their Radar

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Project An-E

Breakthrough A.I. Just Predicted What the Stock Prices of Tesla, Nvidia, and Apple Will Be 30 Days from Now…
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Elon Musk's "Project Omega"

It could soon mint new millionaires, while plunging millions of unprepared Americans into poverty. Get the stocks at the center of it all.
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#1 A.I. Stock Currently Trading For $3

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