This screen finds stocks whose RSI has just crossed back above 30. The RSI(14), developed by J. Welles Wilder, compares average gains with average losses over 14 days on a scale from 0 to 100; readings above 70 are considered overbought, below 30 oversold, and 50 separates bullish from bearish momentum. Leaving oversold territory is a classic RSI buy signal: the selling has eased and the stock may be starting to rebound.
