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.

RBC Bearings Inc (NYSE:RBC)

  • On Aug. 10, RBC Bearings announced that its Dodge Industrial, Inc. subsidiary acquired the business assets of PSC Couplings for a cash purchase price of $24.2 million. The company’s stock fell around 13% over the past month and has a 52-week low of $364.50.
  • RSI Value: 29.8
  • RBC Price Action: Shares of RBC Bearings slipped 0.1% to close at $490.78 on Thursday.
  • Edge Stock Ratings: 27.57 Momentum score with Value at 1.41.

Park Aerospace Corp (NYSE:PKE)         

  • On Aug. 13, Park Aerospace announces the election of Constantine ("Gus") Petropoulos as senior vice president and chief financial officer. Brian E. Shore, Park’s chairman and CEO. said, “Congratulations, Gus, on becoming Park’s new CFO. Park is at a pivotal point in our 72 year history with many wonderful and unusual opportunities presenting themselves to us. I am confident that Gus will play a central role in turning those opportunities into realities for Park.” The company’s stock fell around 17% over the past month and has a 52-week low of $18.19.
  • RSI Value: 29.7
  • PKE Price Action: Shares of Park Aerospace fell 1.6% to close at $30.80 on Thursday.
  • Benzinga Pro’s charting tool helped identify the trend in PKE stock.

Argan Inc (NYSE:AGX)

  • On Sept. 2, Argan reported better-than-expected second-quarter financial results. The company’s stock fell around 33% over the past month and has a 52-week low of $197.00.
  • RSI Value: 29.4
  • AGX Price Action: Shares of Argan rose 0.3% to close at $411.77 on Thursday.
  • Benzinga Pro’s signals feature notified of a potential breakout in AGX 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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