Top 3 Industrials Stocks That May Explode In April
Benzinga·04/11 12:37
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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.
On Feb. 5, ePlus lowered its FY25 revenue guidance. “Our third quarter results reflect the benefit of our investment in services and the continuing industry shift toward ratable, subscription and ‘as a service’ revenue recognition,” said Mark Marron, president and CEO of ePlus. The company's stock fell around 11% over the past month and has a 52-week low of $53.83.
RSI Value: 27.4
PLUS Price Action: Shares of ePlus fell 2.6% to close at $57.84 on Thursday.
Edge Stock Ratings: 20.49 Momentum score with Value at 78.26.
On Feb. 7, HC Wainwright & Co. analyst Ed Arce reiterated Genfit with a Buy rating and maintained a $13 price target. The company's stock fell around 29% over the past month and has a 52-week low of $53.91.
RSI Value: 26.6
SWK Price Action: Shares of Stanley Black & Decker dipped 8.6% to close at $58.68 on Thursday.
Benzinga Pro’s charting tool helped identify the trend in SWK stock.
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