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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
Stock Signaling
31 Oct 14 19:31:02
25 Stocks To Watch: http://t.co/Vtx6dLy0Nw : $BIN $TASR $DHX $SFUN $TSO $GEL $MMYT $ONE $SGEN $ACHC $MXIM $FB $ATML $YRCW $YHOO #stockmarket
US Banking News
31 Oct 14 18:52:42
Progressive Waste Solutions Upgraded to “Outperform” at CIBC $BIN http://t.co/ZnBRgFwuGo
HotKeyTrading
31 Oct 14 17:00:05
Upgraded: $BBY $DHX $TASR $BIN $FB $MHK $YRCW $IMPV $ATML $SGEN $TSO $MELI $ACHC $INCY $QIWI http://t.co/Vv2VEn80mr #mkt #trader #daytrader
Sleek Money
31 Oct 14 15:23:32
Progressive Waste Solutions Ltd Declares Quarterly Dividend of $0.14 $BIN http://t.co/jLik3bLbbA
US Banking News
31 Oct 14 15:14:12
Progressive Waste Solutions Sees Large Volume Increase After Better-Than-Expected Earnings $BIN http://t.co/NcqWXSM8IS
Sleek Money
31 Oct 14 15:04:43
Progressive Waste Solutions Sees Large Volume Increase After Better-Than-Expected Earnings $BIN http://t.co/nFrtg89fqO
HotKeyTrading
31 Oct 14 13:00:05
Upgraded: $AVX $LSTR $SAVE $TASR $NYT $DYAX $DHX $DRII $BIN $CHL $GEL $FB $MOH $TSO $MELI http://t.co/XQITF0lRKD #spy #investors #finance
Sleek Money
31 Oct 14 12:10:07
TD Securities Raises Progressive Waste Solutions Price Target to C$32.00 $BIN http://t.co/8bX4yfOxSg
US Banking News
31 Oct 14 11:37:45
TD Securities Raises Progressive Waste Solutions Price Target to C$32.00 $BIN http://t.co/HgG592EQBK
US Consumer News
31 Oct 14 11:16:28
Progressive Waste Solutions Ltd's PT raised by TD Securities to C$32.00. buy rating. http://t.co/Vwn2lExRBQ $BIN #BIN
Analyst Ratings
31 Oct 14 11:14:13
Progressive Waste Solutions Ltd's PT raised by TD Securities to C$32.00. buy rating. http://t.co/EpO2SERPqJ $BIN #BIN
Stock Signaling
31 Oct 14 10:01:05
25 Stocks To Watch: http://t.co/Vtx6dLy0Nw : $BIN $SGEN $ACHC $IMPV $MXIM $ATML $TSO $YRCW $MELI $INCY $VCRA $BBD $MGM $TTWO $RFMD #stocks
InterCooler
31 Oct 14 06:52:11
Progressive Waste Solutions $BIN Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS http://t.co/aiUYzDvnRo
Media Sentiment
31 Oct 14 06:41:52
$BIN received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 231
FinancialJuice
31 Oct 14 06:40:43
Progressive Waste $BIN upgraded to outperformer from sector performer at CIBC #stocks
Large Void Bot
31 Oct 14 06:31:13
New 52wk Highs: $ABC $ACHC $ALXN $AVIV $BEE $BGCP $BIDU $BIN $COST
US Banking News
31 Oct 14 05:41:06
Progressive Waste Solutions $BIN Posts Quarterly Results http://t.co/XGwmtyrgrR
InterCooler
31 Oct 14 05:37:33
Progressive Waste Solutions $BIN Announces Quarterly Earnings, Beats Expectations By $0.07 EPS http://t.co/DeLx8ovVq7
Sleek Money
31 Oct 14 05:23:12
Progressive Waste Solutions Ltd $BIN Updates FY14 Earnings Guidance http://t.co/6froAqDxu1
Stock Signaling
30 Oct 14 20:31:28
Range/Volume Advances: $CACI $BIN $MD $ALU $GNC $TASR $VPRT $FCN $CYBR $FORM $CTRX $MA $BMY $V $PRXL http://t.co/Vtx6dLy0Nw #stockpicks #dow
Vizimi Stocks
30 Oct 14 19:38:27
Thursday 10/30 #NYSE News: $BIN closed up 6+% for the first time since August 2011 #stocks
Shiraz Lakhi
30 Oct 14 12:04:18
Most ACTIVE industrial #stocks in-play / up on STRONG volume $BBSI $TASR $HDSN $FCN $BIN ++ (updates: click "View") http://t.co/aledYcKTgN
WKRB News
30 Oct 14 10:58:25
Progressive Waste Solutions Hits New 52-Week High Following Earnings Beat $BIN http://t.co/Oj9DeHyv8c
US Banking News
30 Oct 14 10:52:43
Progressive Waste Solutions Hits New 52-Week High Following Earnings Beat $BIN http://t.co/tk10OdAedk
HotKeyTrading
30 Oct 14 10:00:04
All-Time Highs: $WEC $RSG $V $VPRT $SPNC $CI $TEG $ODFL $LOPE $BIN $BURL $BIDU $TFSL $MDT $ALSN http://t.co/XQITF0lRKD #trading #finance
Ticker Report
30 Oct 14 09:29:46
Progressive Waste Solutions $BIN Releases Quarterly Earnings, Beats Estimates By $0.07 EPS http://t.co/Jo2AgQsqRL
HotKeyTrading
30 Oct 14 09:00:05
Annual Highs: $BMY $TEVA $SUI $SPNC $CI $TEG $VPRT $BIN $BURL $ODFL $LOPE $RDN $TTWO $BIDU $BGCP http://t.co/Vv2VEn80mr #nasdaq #analytics
NASDAQ
30 Oct 14 08:19:02
$BIN - Report of Foreign Issuer (6-k) http://t.co/CiPyXwWqXe
US Banking News
30 Oct 14 07:11:00
Progressive Waste Solutions $BIN Announces Quarterly Earnings, Beats Estimates By $0.07 EPS http://t.co/HCUhRasv9i
InterCooler
30 Oct 14 07:07:34
Progressive Waste Solutions Ltd $BIN Updates FY14 Earnings Guidance http://t.co/VnpIesPhcj
Ticker Report
30 Oct 14 07:00:49
Progressive Waste Solutions $BIN Announces Quarterly Earnings, Beats Estimates By $0.07 EPS http://t.co/3IX27QJN0P
US Banking News
30 Oct 14 06:27:56
Progressive Waste Solutions Ltd $BIN Releases FY14 Earnings Guidance http://t.co/Tfz8Dl3HM7
Briefing.com
30 Oct 14 05:52:09
$BIN: Progessive Waste beats by $0.07, misses on revs; guides FY14 EPS above consensus, reaffirms FY14 revs guidance http://t.co/T2a4xd8rOJ
3Clicks
30 Oct 14 05:48:01
RT @BarrySchwartzBW: Progressive Waste raises guidance for free cash flow generation. Who woulda thunk that an improving economy = more gar…
Barry Schwartz
30 Oct 14 05:47:12
Progressive Waste raises guidance for free cash flow generation. Who woulda thunk that an improving economy = more garbage? $BIN
Estimize
30 Oct 14 04:13:41
@TrembFredrick Your estimate for $BIN Q3 2014 has been scored – http://t.co/aUs2NvwN1E
Stock Moo
30 Oct 14 04:01:39
$bin: Progressive Waste Solutions Ltd. Reports Results for the Three and Nine Months Ended September 30, 2014 http://t.co/m5dl4dum1X
Media Sentiment
30 Oct 14 03:51:04
$BIN received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 75
MarketCurrents
30 Oct 14 03:46:49
Progressive Waste Solutions beats by $0.07, misses on revenue http://t.co/9Ulag55uSG #premarket $BIN
Frederick Tremblay
29 Oct 14 20:16:28
Published $BIN estimate on Estimize: -0.01 EPS and +4.16M Revs compared to Wall Street's consensus. http://t.co/xrx0BLlAtW
Frederick Tremblay
29 Oct 14 20:16:27
Published $BIN estimate on Estimize: -0.01 EPS and +4.16M Revs compared to Wall Street's consensus. http://t.co/y6yS7KyNdA
Large Void Bot
29 Oct 14 06:42:12
New 52wk Highs: $BGCP $BIN $CNSL $MSG $PEI $UIHC
Briefing.com
27 Oct 14 15:38:35
$BIN: Progessive Waste to submit proposal for 20-year contract with New York City for municipal solid waste... http://t.co/GsYa2gGlks
NASDAQ
27 Oct 14 14:19:25
$BIN - Report of Foreign Issuer (6-k) http://t.co/NQuL5pNOxx
Penny Stock Secret
27 Oct 14 01:52:18
The Hottest Way to Make Millions From Stock Market.Click HERE http://t.co/SVqoMkrw2z .. $BIG $BIN $BIO
wininstocks2014
25 Oct 14 23:43:24
BIN 26.16 Stock Charts $BIN Progressive Waste Solutions Ltd. (NYSE) Last Updated: 10/26/2014 01:43:22 BIN Stoc http://t.co/zRWbxDYrZ1
wininstocks2014
25 Oct 14 06:10:46
BIN 26.16 Stock Charts $BIN Progressive Waste Solutions Ltd. (NYSE) Last Updated: 10/25/2014 08:10:46 BIN Stoc http://t.co/QPzyZB3cup
				
				
By  +Follow January 9, 2014 11:06AM
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