SXT - Top 5 Materials Stocks That Are Preparing To Pump In October | Benzinga
The most oversold stocks in the materials 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.
Origin Materials, Inc. (NASDAQ: ORGN)
- The company recently announced the appointment of a new CFO. The company’s stock has a 52-week low of $0.86 .
- RSI Value: 24.63
- ORGN Price Action: Shares of Origin Materials gained 8.9% to ...