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7 Oversold Stocks Ready to Bounce, 2 to Avoid

NEW YORK ( TheStreet) -- Knowing when to pull the trigger on a falling stock is not for the faint of heart. There is a valid reason why Wall Street insiders call value investing "catching a falling knife."

One person's losing trade is another's bargain buy, if you know when it's the right time to strike. We may not be able to predict the future, but we can predict the odds of a stock bottom based on previous charting patterns.

As long as a company is profitable, at some point a dropping stock price will collide with value buyers and investors no longer willing to give up their shares. When sellers run out of a desire to liquidate their shares, is when we see the price stabilize.

On July 27 I wrote this article describing over sold stocks at that time. Let's take a look to see how they performed. I will use the closing price on July 27 as the starting price, and closing on Monday as the change reference point. All returns are rounded down.

TRW Automotive (TRW) + 22.4%
Tiffany(TIF) + 1.5%
Tyson Foods(TSN) +3.9%
Kroger(KR) +2.6%
Las Vegas Sands (LVS) +7%
Boston Scientific(BSX) +5.5%
Safeway(SWY) +5.2%
Arch Coal(ACI) +6.1%
Dell(DELL) +2.5%
Hewlett-Packard(HPQ) +5.6%

I don't always get it right 10 out of 10, but I hope you will follow this list of stocks below and see what the future holds for them.
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Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
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