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.
Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN)
- The company's stock dropped around 24% over the past month. The company's stock has a 52-week low of $13.50 .
- RSI Value: 16.53
- GRIN Price Action: Shares of Grindrod Shipping Holdings rose 0.6% to settle at $16.06 on Tuesday and added 3.9% in after-hours trading.
U-Haul Holding Company (NYSE:UHAL)
- The company's stock climbed 34% over the past six months. The company's stock has a 52-week low of $44.79.
- RSI Value: 25.38
- UHAL Price Action: Shares of U-Haul Holding gained 1% to close at $62.84 on Tuesday and added 0.5% in after-hours trading.
Booz Allen Hamilton Holding Corporation (NYSE:BAH)
- Morgan Stanley maintained Booz Allen Hamilton with an Overweight and raised the price target from $110 to $118. The company's stock has a 52-week low of $69.68.
- RSI Value: 27.24
- BAH Price Action: Shares of Booz Allen Hamilton rose 0.5% to close at $97.14 on Tuesday and added 0.6% in after-hours trading.
The Greenbrier Companies, Inc. (NYSE:GBX)
- Greenbrier Companies recently reported first-quarter revenue growth of 39.2% year-over-year to $766.5 million, beating the consensus of $747.1 million. The company's 52-week low is $23.80.
- RSI Value: 28.11
- GBX Price Action: Shares of Greenbrier Companies gained 4.6% to close at $28.74 on Tuesday and added 2.9% in after-hours trading.
Quest Resource Holding Corporation (NASDAQ:QRHC)
- The company, during November, posted upbeat quarterly earnings. The company has a 52-week low of $3.60.
- RSI Value: 29.56
- QRHC Price Action: Shares of Quest Resource Holding rose 0.2% to close at $5.51 on Tuesday.
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