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.

Babcock & Wilcox Enterprises Inc (NYSE:BW)

  • On May 21, Babcock & Wilcox Enterprises announced a secondary offering of 11.7 million shares by selling shareholders. The company’s stock fell around 21% over the past five days and has a 52-week low of $0.87.
  • RSI Value: 27.8
  • BW Price Action: Shares of Babcock & Wilcox fell 3.6% to close at $11.32 on Monday.
  • Edge Stock Ratings: 99.60 Momentum score.

ERock (NYSE:EROC)       

  • On June 9, ERock priced its initial public offering of 27,906,977 Class A common shares at $21.50. The company’s stock fell around 24% over the past month and has a 52-week low of $13.02.
  • RSI Value: 27.7
  • EROC Price Action: Shares of ERock dipped 7.8% to close at $14.26 on Monday.
  • Benzinga Pro’s charting tool helped identify the trend in EROC stock.

UL Solutions Inc (NYSE:ULS)

  • On May 20, UL Solutions announced a quarterly dividend of 14.5 cents per share. The company’s stock fell around 10% over the past five days and has a 52-week low of $61.64.
  • RSI Value: 29.6
  • ULS Price Action: Shares of UL Solutions fell 8% to close at $89.27 on Monday.
  • Benzinga Pro’s signals feature notified of a potential breakout in ULS 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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