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4 Materials Stocks Ready to Take Off in Q4

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Are you looking for some lucrative opportunities in the materials sector? We’ve compiled a list of the most oversold stocks that could potentially be undervalued gems. Don’t miss out on these potential winners, as they could see significant gains in the upcoming quarter.

When evaluating stocks, one useful tool is the Relative Strength Index (RSI). It compares a stock’s strength on days when prices go up to its strength on days when prices go down. An RSI below 30 is typically considered oversold, indicating a potential buying opportunity.

Let’s take a closer look at four material stocks with an RSI near or below 30 that might be ready to skyrocket in the months ahead:

The Chemours Company CC

  • Chemours posted better-than-expected second-quarter earnings and is scheduled to release its third-quarter financial results soon. With a current stock price near its 52-week low of $24.07, could this be the perfect entry point for investors?
  • RSI Value: 29.49
  • CC Price Action: The stock closed at $24.09 on Tuesday, representing a 1.8% decline.

American Battery Technology Company ABAT

  • American Battery Technology recently announced the start of operations at its commercial-scale, lithium-ion battery recycling facility in Nevada. The company has a 52-week low of $5.43, indicating potential room for growth.
  • RSI Value: 13.97
  • ABAT Price Action: The stock closed at $5.57 on Tuesday, experiencing a 0.4% gain.

ioneer Ltd IONR

  • Despite a recent 29% decline in its shares, ioneer Ltd might be on the brink of a rebound. With a 52-week low of $3.8150, the stock could present an attractive buying opportunity for investors.
  • RSI Value: 25.73
  • IONR Price Action: The stock closed at $4.20 on Tuesday, showing a 5.5% increase.

Piedmont Lithium Inc. PLL

  • Piedmont Lithium recently made a strategic investment in a promising lithium project in Newfoundland, Canada. With a 52-week low of $29.16, the stock could be poised for substantial growth.
  • RSI Value: 29.93
  • PLL Price Action: The stock closed at $30.42 on Tuesday, reflecting a 2.6% increase.

Don’t miss out on these potential winners in the materials sector. Keep an eye on these stocks as they could be primed for a breakout in the coming quarter. Keep informed and invest wisely!


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