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5 Oversold Stocks Ready for a Bounce Higher

KEG ChartKEG data by YCharts

Key Energy Services (KEG) operates on-shore oil rigs and supplies oil rig equipment. The stock trades an average of 3.1 million shares per day giving the company a marketcap of $1.1 billion.

52 Week High: $20.48
52 Week Low: $6.67
Book Value: $7.90

Analyst opinion is mixed with this company. Most of the analysts surveyed don't believe a buy or a sell is currently warranted. Right now, Key has six buy recommendation out of 13 analysts covering the company and seven holds; no analysts recommend selling. The average analyst target price for Key is $11.86.

The trailing 12-month price-to-earnings ratio is 7.1, the mean fiscal-year estimate price-to-earnings ratio is 7.96, based on earnings of $.95 per share this year.

In the last month the stock has fallen -22.37%. Their loss is your gain. The next level of serious overhead resistance is at $9.40.

For the same fiscal period year-over-year, revenue has improved to $1.15 billion last fiscal year compared to $1.08 billion in the previous year. The bottom line has rising earnings year-over-year of $73.49 million last fiscal year compared to $-156.12 million in the previous year.

Short interest is high at 7.65%.

Key is oversold on the charts. I like the August $7.5 put this week during the next few days for 55 cents or greater. My profit target is 45 cents or close out on option expiration date.

Stock quotes in this article: TTWO, F, ROVI, KEG, TC 

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