Top 3 Industrials Stocks That May Rocket Higher In Q3
Author: Avi Kapoor | July 19, 2024 09:09am
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.
LegalZoom.com will report its financial results for the second quarter on Wednesday, Aug. 7, after the closing bell. The company's stock fell around 22% over the past month and has a 52-week low of $5.33.
RSI Value: 27.98
LZ Price Action: Shares of LegalZoom.com fell 1.2% to close at $6.39 on Thursday.
On July 17, Jefferies analyst Thomas Chong maintained Grab Hldgs with a Buy rating and lowered the price target from $5 to $4.7. The company's stock fell around 7% over the past five days. It has a 52-week low of $2.90.
RSI Value: 27.61
GRAB Price Action: Shares of Grab Holdings fell 2.3% to close at $3.41 on Thursday.
On May 14, Expion360 posted a first-quarter loss of 31 cents per share. “In the first quarter of 2024 we fortified our position as a leader in premium LiFePO4 batteries with next generation battery product launches and new technologies,” said Brian Schaffner, Chief Executive Officer of Expion360. The company's stock dipped around 20% over the past month and has a 52-week low of $0.83.
RSI Value: 24.50
XPON Price Action: Shares of Expion360 fell 6.4% to close at $0.85 on Thursday.
