6 Oversold Nasdaq Stocks With Low PEG Ratios

 | Dec 06, 2012 02:40AM ET

Recent Performance of the Stocks Mentioned Below:

Average 1-Week Return: -7.07%
Average 1-Month Return: -19.93%
Average 1-Year Return: -0.96%

1. Baidu, Inc. (BIDU). Provides Internet search services. Price-to-Earnings-Growth ratio at 0.47. RSI(14) at 29.52.

2. Shanda Games Limited (GAME). Engages in the development and operation of online games in the People’s Republic of China. Price-to-Earnings-Growth ratio at 0.35. RSI(14) at 26.79.

3. GT Advanced Technologies Inc. (GTAT). Provides polysilicon production technology and multicrystalline ingot growth systems, and related photovoltaic (PV) manufacturing services for the solar industry worldwide. Price-to-Earnings-Growth ratio at 0.33. RSI(14) at 29.45.

4. Mellanox Technologies, Ltd. (MLNX). Engages in the design, development, marketing, and sale of interconnect products primarily in North America, Israel, Europe, and Asia. Price-to-Earnings-Growth ratio at 0.41. RSI(14) at 25.13.

5. NetEase.com, Inc. (NTES). Engages in the development of applications, services, and other technologies for the Internet in China. Price-to-Earnings-Growth ratio at 0.58. RSI(14) at 19.92.

6. Vertex Pharmaceuticals Incorporated (VRTX). Engages in the discovery, development, and commercialization of small molecule drugs for the treatment of serious diseases worldwide. Price-to-Earnings-Growth ratio at 0.92. RSI(14) at 24.77.