3 mid-caps with RSIs that scream oversold

Core Insights - The market rally that began in late October is expected to continue into 2024, with the S&P 500 index approaching last month's highs and investor sentiment leaning towards a risk-on environment [1][2] - AAR, Grand Canyon Education, and MPW are highlighted as stocks with potential for short-term rebounds due to their low Relative Strength Index (RSI) readings [1][2] AAR Analysis - AAR was at an all-time high just before Christmas but experienced a significant selloff, dropping 25% after a revenue miss and an acquisition announcement for Triumph Group, Inc. at $725 million [1][2] - The stock's RSI fell below 30, indicating it is oversold, and there is potential for a bounce as shares are being bought off their lows [2] Grand Canyon Education Analysis - Grand Canyon Education also faced a decline, dropping 15% post-Christmas due to a lawsuit from the Federal Trade Commission and a risk-based audit by the Veterans Administration [2] - The stock's RSI is at 26, suggesting a potential short-term low, with shares consolidating around $123 [2] MPW Analysis - MPW, a real estate investment trust (REIT) with a portfolio of over 400 properties, has seen its stock decline 85% over the past two years [2] - The stock's RSI is currently at 32, indicating it is nearing all-time lows, and historical patterns suggest a potential bounce when the RSI falls below 30 [3]