3 Oversold Stocks to Buy Now

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Stocks finished strong in April, but the market stumbled in May, with the S&P 500 Index (SPX) dropping more than 10% so far this month. Panic selling reflected an unwinding of optimistic sentiment as the market reached overbought levels at the end of April.

Now, with investors running for the doors, the technicals are starting to indicate that the market may be presenting an oversold buying opportunity. Actually, we have three oversold stocks in particular that are good buys right now …

But first, why should you listen to the technicals?

Next: We'll Tell You Why