These stocks are the most oversold in the selloff and could be due for a bounce

After quite a disappointing week for the broader market, several very beaten-down names in the S & P 500 could soon be due for a trading bounce, according to one popular technical metric. All three major U.S. indexes ended the week in the red, with the Nasdaq notching its worst week since April. Investors have grown concerned about a potential bubble in artificial intelligence stocks and high valuations in several tech names. Adding to the stress this week were two data releases that revealed consumer sentiment has neared its lowest level ever and that layoff announcements in October hit their highest level for the month since 2003. The lack of key data releases during the ongoing lengthy U.S. government shutdown has limited investors' insight into the state of the economy. With several st