SWK - Top 5 Industrials 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.
Stanley Black & Decker, Inc. (NYSE: SWK)
- Stanley Black & Decker reported a second-quarter FY23 sales decline of 5% year-on-year to $4.20 billion, beating the analyst consensus of $4.12 billion. "While the operating backdrop remains dynamic with some underlying consumer softness, we continue to see strong demand in the professional construction, automotive and aerospace markets as well as further ...