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7 Industrial Goods Stocks Near or In Oversold Territory

By  +Follow January 9, 2014 11:06AM
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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.


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Results for BIN
Ticker Report
27 Nov 14 08:33:25
Progressive Waste Solutions Lifted to Buy at Stifel Nicolaus $BIN http://t.co/w3to1TAQfI
Investors Hangout
26 Nov 14 07:40:27
jim50: BIN Gapped up +0.22 $BIN Last Price 30.95 Day http://t.co/DCgCTChBP1
Investors Hangout
26 Nov 14 07:40:26
jim50: BIN Stock Gapped up +0.22 $BIN Last Price 30.95 http://t.co/uKM50JxpOo
Investors Hangout
26 Nov 14 07:40:23
jim50: BIN Gapped up +0.22 $BIN Last Price 30.95 Day http://t.co/rRPpfxSME5
Investors Hangout
26 Nov 14 07:40:22
jim50: BIN Stock Gapped up +0.22 $BIN Last Price 30.95 http://t.co/4IUhqVZrhk
jim50
26 Nov 14 07:34:33
BIN Gapped up +0.22 $BIN Last Price 30.95 Day High 30.95 Day Low 30.95 Change +0.07 Volume 3,063 Today 98 stoc http://t.co/1p0G3Dh5ut
jim50
26 Nov 14 07:34:11
$BIN BIN Stock Gapped up +0.22 $BIN Last Price 30.95 Day High 30.95 Day Low 30.95 Change +0.07 Volume 3,063 Today 9 http://t.co/Yb9Vk6H3Xp
DennyT
26 Nov 14 07:29:30
BIN Stock 30.84 Iesi-Bfc Ltd $BIN Hit a 52 week high of 30.99 Closing the day 09:44 at 30.84 -0.04 -0.13% With http://t.co/vnpBQPvlJG
DennyT
26 Nov 14 07:29:09
$BIN BIN 30.84 Iesi-Bfc Ltd $BIN Hit a 52 week high of 30.99 Closing the day 09:44 at 30.84 -0.04 -0.13% With a day http://t.co/hnam3wDatp
HotKeyTrading
26 Nov 14 07:00:06
Gap Ups: $PZZA $TAL $STV $MDCA $BOOT $CMCSA $KMP $DSX $WERN $IRE $LOCO $VTNR $DY $BIN $CHS http://t.co/TRx9EnjwT5 #investing #trader #stock
Smallcappower.com
26 Nov 14 04:55:53
Read Today's Stock Upgrades and Downgrades $MRH $BIN : http://t.co/4K5YP0bXjD
InterCooler
26 Nov 14 03:37:21
Progressive Waste Solutions Lifted to “Buy” at Stifel Nicolaus $BIN http://t.co/Rj1oED8nxc
chartguy89
25 Nov 14 21:15:51
BIN 30.88 Iesi-Bfc Ltd Stock Charts $BIN Last Updated: 11/25/14 Last price: 30.88 Total volume: 457,931 BIN St http://t.co/eEDvD2Duvs
Jake13
25 Nov 14 21:15:46
BIN Year to date has changed +24.77% percent. +18.04% in the last 30 days. $BIN Iesi-Bfc Ltd Full breakdown La http://t.co/iIjZLAjX4b
chartguy89
25 Nov 14 21:15:35
$BIN BIN 30.88 Iesi-Bfc Ltd Stock Charts $BIN Last Updated: 11/25/14 Last price: 30.88 Total volume: 457,931 BIN St http://t.co/yItgUYXoKR
Jake13
25 Nov 14 21:15:24
$BIN BIN Stock year to date has changed +24.77% percent. +18.04% in the last 30 days. $BIN Iesi-Bfc Ltd Full breakd http://t.co/0wYzJWDBAv
HotKeyTrading
25 Nov 14 19:00:06
Gap Ups: $PZZA $TAL $STV $MDCA $BOOT $CMCSA $KMP $DSX $WERN $IRE $LOCO $VTNR $DY $BIN $CHS http://t.co/Vv2VEnpBuv #markets #swingtrading
SwingTradeBot
25 Nov 14 15:04:27
Scan results - Shooting Star Candlestick today: $TSEM $CPB $REG $DLB $WERN $CHS $MOV $SHLD $MDXG $BIN ... http://t.co/rLp8OPbLuO
WallStreetConsensus
25 Nov 14 14:05:14
Upgrades 11/25: $KCG, $WERN, $BIN, $TJX, $WPZ, $BYD http://t.co/7r8OB9Ltv6
WKRB News
25 Nov 14 12:13:16
Progressive Waste Solutions Hits New 52-Week High at $31.47 $BIN http://t.co/BnljxCHGPM
Alex
25 Nov 14 08:40:57
RT @theflynews: On The Fly: Analyst Upgrade Summary $AV $BYD $KCG $MRH $PBR $BIN $TKC $UTX $WERN $WPZ: Full Story http://t.co/p6RCvZnpAU
The Fly
25 Nov 14 07:00:55
On The Fly: Analyst Upgrade Summary $AV $BYD $KCG $MRH $PBR $BIN $TKC $UTX $WERN $WPZ: Full Story http://t.co/p6RCvZnpAU
Large Void Bot
25 Nov 14 06:31:18
New 52wk Highs: $BIN $BRCM $JBLU $NXPI $TSEM $ZTS
Stock Market Picks
25 Nov 14 05:44:38
$BIN upgraded by Stifel from Hold to Buy. http://t.co/1aIh4Rkvud $SPY $DIA $QQQ #stocks #trading #stockupgrade #nasdaq #nyse
Marlen
25 Nov 14 05:41:53
UPGRADES: Progessive Waste $BIN Stifel Hold > Buy $37
Sleek Money
25 Nov 14 05:37:39
Progressive Waste Solutions Upgraded to Buy at Stifel Nicolaus $BIN http://t.co/ydL0YKoM0j
US Banking News
25 Nov 14 05:28:10
Progressive Waste Solutions Stock Rating Upgraded by Stifel Nicolaus $BIN http://t.co/IaPFUYMfpr
Media Sentiment
25 Nov 14 05:15:04
$BIN received a new alert. Find out why at http://t.co/5lwmDm2SCs #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 116
Analyst Ratings
25 Nov 14 05:12:47
Progressive Waste Solutions Ltd upgraded by Stifel Nicolaus to buy. $37.00 PT. http://t.co/LlgN9CA5sY $BIN #BIN
US Stock Ratings
25 Nov 14 05:07:03
Stifel upgrades $BIN from Hold to Buy, target price to $37.0 http://t.co/c8iGrHJkZ4
US Consumer News
25 Nov 14 05:03:07
Progressive Waste Solutions Ltd upgraded by Stifel Nicolaus to buy. $37.00 PT. http://t.co/cOeV9jrTXR $BIN #BIN
Briefing.com
25 Nov 14 04:58:44
$BIN: Stifel ups to Buy
FonsieTrader
22 Nov 14 06:57:20
Bearish MACD Crossovers 1/3 $ACCO $AR $ARUN $ATHN $AV $BGCP $BIN $BR $CDK $CGNX $CI $CMCSA $CNK $COST $CPA $CVD $CPRT http://t.co/P3MzOBTqDy
SwingTradeBot
21 Nov 14 15:02:38
Scan results - Hammer Candlestick today: $GPS $VVC $REX $BIN $ABC $NRG $ALK $PNM $TAM ... http://t.co/48PiUBpHqq
				
				
By  +Follow January 9, 2014 11:06AM
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