In Monday's aggressive stock sell-off, certain shares fell past a key threshold that suggest they were oversold — a trader term meaning they are due for a rebound as markets stabilize. The Dow Jones Industrial Average plunged more than 700 points on Monday to notch its worst day since last October. Rising Covid-19 cases and the highly contagious delta variant raised concerns about the economic recovery. Some stocks fell more than 10% below their 50-day moving average, signaling the shares were potentially oversold. CNBC PRO looked at the stocks that fell past that threshold and identified the names analysts believe will rebound by 30% or more, using data from Finviz.com. From that pool, we found the stocks that are well liked by the majority of analysts. If the stock selling eases and concerns about the delta Covid variant lessen, these stocks could be the first to snapback. Most stocks in CNBC PRO's screen belong to sectors hit hardest in Monday's sell-off: energy and travel. Valero Energy fell the most below its 50-day moving average relative to the other stocks on the list. The energy name plunged 21% below the threshold, according to Finviz.com. Analysts on average believe the stock can rally 51% in the next 12 months. Alaska Air has the highest implied upside out of the cohort, based on its average target price. Wall Street thinks the airline shares can soar 55% in the next 12 months after the stock sunk 18% below its 50-day moving average on Monday. Semiconductor Microchip Technology also appears in CNBC PRO's screen. The stock fell 11.2% below the key level Monday, but analysts on average think Microchip shares can rally 33%. Other names to make the list include Marathon Petroleum , Southwest Airlines , and Diamondback Energy .
A Valero Energy gas station in San Francisco.
David Paul Morris | Bloomberg | Getty Images
In Monday's aggressive stock sell-off, certain shares fell past a key threshold that suggest they were oversold — a trader term meaning they are due for a rebound as markets stabilize.