Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?



7 Industrial Goods Stocks Near or In Oversold Territory

By  +Follow January 9, 2014 11:06AM
Tickers Mentioned:

Industrial goods stocks may not have the star power of, say, social media/tech stocks, but that clearly doesn’t mean that the sector is without buying opportunities. In fact, there are a number of them.

Of course, the process of determining what exactly constitutes a buying opportunity is highly a highly subjective one, and there are probably at least as many ways to do so as there are investors and traders. One particularly interesting way of doing so is by using the Relative Strength Indicator (RSI).

The RSI is an indicator used in technical analysis that gauges the momentum of a stock’s price movement over a period of time by comparing its up and down closes during that time. It is used by technicians to determine whether a stock is “overbought,” which could indicate a sell-off is near, or if it is “oversold”, meaning that sharp and sudden price decreases could present a great buying opportunity.

The following 7 stocks were selected from the Industrial Goods sector, based on a two criteria:

A market-cap greater than $300 million, in other words small-cap companies and larger.

An RSI (14) reading (the stock’s relative strength over the past 2 weeks) between 40 and 30, indicating that though the stock is in, or is heading into oversold territory, and could be ready for a bounceback in the near future.

Blount International Inc. (BLT)

Industry: Machine Tools & Accessories

Market-Cap: $672 million

Price: $13.57

RSI (14): 38.96

Performance YTD: -6.20 percent

Actuant Corporation (ATU)

Industry: Diversified Machinery

Market-Cap: $2.64 billion

Price: $36.10

RSI (14): 38.75

Performance YTD: -1.50 percent

Handy & Harman Ltd. (HNH)

Industry: Industrial Equipment & Components

Market-Cap: $302.61 million

Price: $22.77

RSI (14): 37.36

Performance YTD: -5.95 percent

Plum Creek Timber Co. Inc. (PCL)

Industry: Lumber, Wood Production

Market-Cap: $7.19 billion

Price: $44.15

RSI (14): 37.08

Performance YTD: -5.12 percent

Simpson Manufacturing Co. Inc. (SSD)

Industry: Small Tools & Accessories

Market-Cap: $1.67 billion

Price: $34.60

RSI (14): 35.50

Performance YTD: -5.75 percent

Schnitzer Steel Industries Inc. (SCHN)

Industry: Metal Fabrication

Market-Cap: $759.33 million

Price: $28.40

RSI (14): 31.92

Performance YTD: -13.10 percent

Progressive Waste Solutions Ltd. (BIN)

Industry: Waste Management

Market-Cap: $2.76 billion

Price: $24

RSI (14): 31.22

Performance YTD: -3.15 percent

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for BIN
27 Nov 15 14:01:11
$TRGP $BIN $ESGR: ?How Is Smart Money Trading Targa Resources Corp (TRGP)?: https://t.co/hCwUa4iEUt
Breaking News
27 Nov 15 10:01:03
$BIN: Progressive Waste Solutions Ltd. (NYSE:BIN) Shares Price Target …: https://t.co/auKfvICS48
26 Nov 15 23:05:07
#BlackFriday $SALE on RetailMeNot. Cash-rich, 5.7 EV/EBITDA, $60M stock buyback plan in Q4. Read: https://t.co/qM8kTQH7RQ $IG $BIN $FMSA
Amitabh Bachchan
25 Nov 15 19:59:51
@DavidBaskinBWM but he's made mistakes too. $CU $HLF-CA $BIN $KEY $MX $X
23 Nov 15 10:37:59
$71,000 in ONE TRADE!! By Follwing Their Signals More Info Here https://t.co/n4FmW1UTLN .. $BIG $BIN $BIO
Breaking News
22 Nov 15 18:27:02
$BIN: Company Shares of Progressive Waste Solutions Ltd. (NYSE:BIN …: https://t.co/1haVfRHGBn
22 Nov 15 07:32:03
$BIN: Progressive Waste Solutions Ltd. (NYSE:BIN) Ratings Update: https://t.co/IcP4eqByYi
By  +Follow January 9, 2014 11:06AM



blog comments powered by Disqus

 Today's Must Reads

What Crowdfunding Leaders Are Saying About the SEC’s Approval of Title III

How the Drug Price Scrutiny is Affecting Pharma Stocks

8 More Tips for Choosing the Right Crowdfunding Platform

Will the Post-Smartphone Era Bring Wearable Drones?

3 Cloud Stocks That Pay Dividends


Small-cap stocks offer investors many benefits, ranging from higher growth potential to overlooked value opportuni... in Equities.com's Hangs on LockerDome

About us

Equities.com is an advanced financial data portal and social network designed to connect self-directed investors with the world’s most innovative startup and small cap companies. Through our in-depth coverage of small cap markets, comprehensive research and stock valuation reports, state of the art issuer products, and world class events, Equities.com provides the social tools and insight that drive tomorrow’s investment relationships and opportunities.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.

Login or Register