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.
JetBlue Airways Corp (NASDAQ:JBLU)
- On March 2, Barclays analyst Brandon Oglenski upgraded JetBlue Airways from Underweight to Equal-Weight and raised the price target from $4 to $7. The company’s stock fell around 28% over the past month and has a 52-week low of $3.34.
- RSI Value: 29.6
- JBLU Price Action: Shares of JetBlue dipped 9.7% to close at $4.56 on Thursday.
- Edge Stock Ratings: 11.92 Momentum score.
Trex Company Inc (NYSE:TREX)
- On March 3, Trex announced a $1000 million buyback plan. The company’s stock fell around 7% over the past five days and has a 52-week low of $3.92.
- RSI Value: 29.5
- TREX Price Action: Shares of Trex fell 3.6% to close at $38.77 on Thursday.
- Benzinga Pro’s charting tool helped identify the trend in TREX stock.
Southwest Airlines Co (NYSE:LUV)
- On March 5, Rothschild & Co analyst James Goodall maintained Southwest with a Sell rating and raised the price target from $27 to $35. The company’s stock fell around 19% over the past month and has a 52-week low of $23.82.
- RSI Value: 28.9
- LUV Price Action: Shares of Southwest dipped 6.9% to close at $43.90 on Thursday.
- Benzinga Pro’s signals feature notified of a potential breakout in LUV shares.
Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.
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