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10 Profitable and Oversold Stocks Ready To Move Higher

DELL ChartDELL data by YCharts

Dell (DELL)

Background:

Dell trades an average of 18 million shares per day with a market cap of $20.2 billion.

52-week range: $11.56 to 18.32

Shares have fallen 30.1% in the last year, and the average analyst target price for DELL is $16.09.

The trailing 12-month price-to-earnings ratio is 5.7 and the mean fiscal year estimate price-to-earnings ratio is 6.02, based on earnings of $1.92 per share this year.

In the last month the stock has fallen 3%. DELL's latest earnings release was May 22 and the previous closing price was $15.08. Relative to a current price of $11.84, shares are down 21.1%.

Dell is oversold on the daily chart and is near support on the weekly chart.

I like the September $11 put during the next few trading days for 38 cents or more. My profit target is 30 cents or close out on option expiration date.

HPQ ChartHPQ data by YCharts

Hewlett-Packard (HPQ)

Background:

Hewlett-Packard trades an average of 20.3 million shares per day with a market cap of $35.1 billion.

52-week range: $17.99 to 37.47

Shares have fallen 51.7% in the last year, and the average analyst target price for HPQ is $26.44.

The mean fiscal year estimate price-to-earnings ratio is 4.44, based on earnings of $4.05 per share this year. Investors are receiving 53 cents in dividends for a yield of 2.94%.

In the last month the stock has fallen 7.1%. May 23 was the last earnings release; the closing price before then was $21.08. Relative to a current price of $17.91, shares are down 14.7%.

HP is oversold on the weekly chart and is nearly oversold on the daily.

I like the September $17 put during the next few trading days for 70 cents or more. My profit target is 60 cents or close out on option expiration date.

>>To see these stocks in action, visit the 10 Profitable and Oversold Stocks Ready To Move Higher portfolio on Stockpickr.

At the time of publication the author did not hold a position in any stock mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Stock quotes in this article: HPQ, DELL, ACI, SWY, BSX, LVS, KR, TSN, TIF, TRW 

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