SUM - Top 5 Materials Stocks That Could Blast Off This Month | 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.
Summit Materials, Inc. (NYSE: SUM)
- Summit Materials announced a combination with Argos USA. "This combination accelerates the strategic growth plans for both Argos North America and Summit," said Simon Bates, CEO of Argos North America. "As a result of the combination, our ability to share ...