RSI - Top 5 Industrials Stocks That Are Set To Fly In Q1 | 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, according to Benzinga Pro.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
IBEX Limited (NASDAQ: IBEX)
- On Feb. 8, IBEX reported worse-than-expected second-quarter financial results and issued FY24 revenue guidance below estimates. "We delivered against a number of our key objectives in the second quarter, highlighted by the eight new client wins in the quarter, totaling twelve in the first half of the fiscal year versus seven in the prior year period,” commented Bob Dechant, CEO of ibex. The company’s stock fell around 11% over the ...