A Backdoor into Undervalued Territory
The industrials sector, often overlooked, is currently a goldmine of opportunity for savvy investors looking to unearth undervalued gems.
Unlocking the Oversold Stocks
The Relative Strength Index (RSI), a potent momentum indicator, can unveil hidden treasures by pinpointing assets considered oversold with an RSI near or below 30.
AAR Corp. AIR
- After driving 18% sales growth in the third quarter, AAR Corp. found itself in the red, with a stock plunge of nearly 12% in the past month, hovering near its 52-week low of $50.06.
- RSI Value: 29.97
- AIR Price Action: Shares closed at $58.39 on Tuesday with a 0.9% decline.
Heartland Express, Inc. HTLD
- Despite Barclays’ analyst Brandon Oglenski’s bearish outlook, Heartland Express saw a 10% drop in stock value over the past month, closely skimming its 52-week low of $10.83.
- RSI Value: 29.17
- HTLD Price Action: Shares ended at $11.06 on Tuesday, down 2.1%.
Asure Software, Inc. ASUR
- Asure Software boasted upbeat quarterly earnings amidst a 21% stock dip in the last month, flirting with a 52-week low of $6.30.
- RSI Value: 27.62
- ASUR Price Action: Shares slipped to $7.41 on Tuesday, marking a 1.7% decrease.
Forward Air Corporation FWRD
- Following lackluster quarterly results, Forward Air saw a 7% slump in share value over five days, inching close to its 52-week low of $26.35.
- RSI Value: 28.80
- FWRD Price Action: Shares closed at $27.42 on Tuesday, down 5.2%.
Greenland Technologies Holding Corporation GTEC
- Amidst rapid expansion, Greenland Technologies faced a 21% stock decline over five days, nearing its 52-week low of $1.13.
- RSI Value: 25.72
- GTEC Price Action: Shares closed at $1.88 on Tuesday, marking a 6.5% drop.
