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Top 3 industrials stocks you'll regret missing in Q3

Chemical plants in industrial areas
Chemical plants in industrial areas

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...

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.

Satellogic Inc SATL

  • On June 30, Satellogic announced a strategic collaboration to deliver planetary-scale monitoring solutions to commercial and government customers. The company’s stock fell around 37% over the past month and has a 52-week low of $1.26.
  • RSI Value: 29.8
  • SATL Price Action: Shares of Satellogic fell 6.5% to close at $3.57 on Monday.
  • Edge Stock Ratings: 91.92 Momentum score with Value at 93.51.
Top 3 Industrials Stocks You'll Regret Missing In Q3

Ballard Power Systems Inc BLDP   

  • On July 10, Susquehanna analyst Biju Perincheril maintained Ballard Power with a Neutral and lowered the price target from $4.25 to $3.5. The company’s stock fell around 36% over the past month and has a 52-week low of $1.70.
  • RSI Value: 28.9   
  • BLDP Price Action: Shares of Ballard Power gained 2.6% to close at $2.77 on Monday.
  • Benzinga Pro’s charting tool helped identify the trend in BLDP stock.
Top 3 Industrials Stocks You'll Regret Missing In Q3

Merlin Inc MRLN

  • On July 13, TD Cowen analyst Gautam Khanna maintained Merlin with a Buy and lowered the price target from $11 to $8.. The company’s stock fell around 43% over the past month and has a 52-week low of $3.47.
  • RSI Value: 28.5
  • MRLN Price Action: Shares of Merlin fell 0.3% to close at $3.58 on Monday.
  • Benzinga Pro’s signals feature notified of a potential breakout in MRLN shares.
Top 3 Industrials Stocks You'll Regret Missing In Q3

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

Photo via Shutterstock

This article Top 3 Industrials Stocks You'll Regret Missing In Q3 originally appeared on Benzinga.com.

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