Stock Under $10 with 50-100% upside potential - 14 Days FREE!

7 Oversold Stocks Ready to Bounce, 2 to Avoid

Stock quotes in this article: FB, EA, HK, TTWO, PLCM, TC, BBG, DECK, DV 

BBG ChartBBG data by YCharts

Bill Barrett (BBG)

Background: Bill Barrett, headquartered in Denver, explores for and develops oil and natural gas in the Rocky Mountain region of the U.S. Bill Barrett trades an average of 1.6 million shares per day with a marketcap of $1 billion.

52-Week High: $49.35

52-Week Low: $15.42

Book Value: $25.67

Shares moved 5.6% higher in the last month, and the next level of resistance is the 200-day moving average. $26 appears to be a reasonable next target price to aim for.

Bill is mildly oversold on the daily chart but clearly oversold on the weekly chart. Moving up to a price target of $26 will take some time, but provides a nice risk-reward level.

Bill has eight buy recommendations out of 14 analysts, and one recommends selling.

The trailing 12-month price-to-earnings ratio is 22.3, the mean fiscal year estimate price-to-earnings ratio is 52.8, based on earnings of 40 cents per share this year.

The current float short is 19.6%. With that said, as the price moves higher, the short sellers will feel greater pressure to cover.

BBG Free Cash Flow ChartBBG Free Cash Flow data by YCharts

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