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

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

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

** Citi's oversold indicator (3 closes with 100+ stocks oversold on proprietary metrics) triggered for first time in 2015

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

** Number of attractive options also seen on a single stock basis

** Nestle (VTX: NESN.VX - news) noted as a buy on an RSI basis, stock has rallied strongly when at similar levels previously. Chart: http://link.reuters.com/rys84w

** Next (Other OTC: NXGPF - news) now trading in line with M&S on an EV/EBIT basis

** Other quality stocks printing low RSIs and cited by traders as oversold include GlaxoSmithKline (Other OTC: GLAXF - news) , Bouygues (EUREX: B2YG.EX - news) , Shire (Xetra: S7E.DE - news) and Novartis (Xetra: 904278 - news)

** Man Group (LSE: EMG.L - news) among worst underperformers v index in last two weeks, also screens strongly on an RSI basis, has been hurt by bond unwind but worst of the selling appears to be over

** Total mentioned by multiple traders in oil space, also helped by its refining capabilities as margins improve (RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)