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.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Equifax Inc. (NYSE: EFX)
Equifax reported second-quarter revenues of $1.318 billion, flat Y/Y and up 1% Y/Y in constant currencies, broadly in line with the consensus. "Equifax had a solid second quarter against a continuing challenging mortgage market, with very good execution against our 2023 Cloud spending reduction plan,” said Mark W. Begor, CEO of Equifax. The company’s stock has a 52-week low of $145.98 .
RSI Value: 28.64
EFX Price Action: ...
Benzinga
