BUZZ-European equities: the "buy on the dips" candidates

** Several previously well-liked stocks at attractive entrypoints as the market recovers from an index-wide sell-off

** European equities trading higher for the first time inJune : profit-taking sees brokers urging clientsto buy into highest conviction ideas as market recovers

** Citi's oversold indicator (3 closes with 100+ stocksoversold on proprietary metrics) triggered for first time in2015

** Holding Stoxx 600 for a 20 day period afterindicator triggered has on average returned 5.4 pct with a 92pct hit rate over the past 4 years, broker says

** Number of attractive options also seen on a single stockbasis

** Nestle noted as a buy on an RSI basis, stockhas rallied strongly when at similar levels previously. Chart: http://link.reuters.com/rys84w

** Next now trading in line with M&S on anEV/EBIT basis

** Other quality stocks printing low RSIs and cited bytraders as oversold include GlaxoSmithKline, Bouygues, Shire and Novartis

** Man Group among worst underperformers v index inlast two weeks, also screens strongly on an RSI basis, has beenhurt by bond unwind but worst of the selling appears to be over

** Total mentioned by multiple traders in oilspace, also helped by its refining capabilities as marginsimprove (RM: alasdair.pal.thomsonreuters.com@reuters.net)