WNS - Top 4 Industrial Stocks That May Explode in October | Benzinga
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Desktop Metal, Inc. (NYSE: DM)
- Desktop Metal reported termination of shareholder rights plan. The company’s stock has a 52-week low of $1.05 .
- RSI Value: 29.97
- DM ...