Sign up
Log in
Top 3 Industrials Stocks That Could Lead To Your Biggest Gains This Month
Share
Listen to the news

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.

Karat Packaging Inc (NASDAQ:KRT)

  • On June 11, Karat Packaging announced it priced a secondary offering of 1.5 million shares at $27 per share. The company's stock fell around 14% over the past five days and has a 52-week low of $23.00.
  • RSI Value: 21
  • KRT Price Action: Shares of Karat Packaging fell 14.7% to close at $26.40 on Wednesday.
  • Edge Stock Ratings: 57.33 Momentum score with Value at 66.25.

Copart Inc (NASDAQ:CPRT)       

  • On May 22, Copart reported a third-quarter revenue miss. The company's stock fell around 19% over the past month and has a 52-week low of $48.05.
  • RSI Value: 25.9
  • CPRT Price Action: Shares of Copart rose 0.4% to close at $50.50 on Wednesday.
  • Benzinga Pro’s charting tool helped identify the trend in cprt stock.

Aaon Inc (NASDAQ:AAON)

  • On May 1, AAON posted upbeat quarterly earnings. Gary Fields, CEO, said, “We had a strong first quarter. Net sales, gross margin and earnings all experienced quarter-over-quarter improvement. Production of BASX-branded equipment made solid progress as we accelerated backlog conversion, utilizing all four of our major locations, including our new facility in Memphis.” The company's stock fell around 28% over the past month and has a 52-week low of $68.98.
  • RSI Value: 22.6
  • AAON Ltd Price Action: Shares of AAON fell 3.5% to close at $75.85 on Wednesday.
  • Benzinga Pro’s signals feature notified of a potential breakout in AAON shares.

Read This Next:

Photo via Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.