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.
American Woodmark Corporation (NASDAQ:AMWD)
- On May 23, American Woodmark posted downbeat quarterly earnings. “Our teams delivered another strong quarter despite the soft remodel market demand environment,” said Scott Culbreth, President and CEO. The company's ...