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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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for BIN
Sleek Money
1 Aug 15 07:20:45
Progressive Waste Solutions Ltd $BIN to Issue Quarterly Dividend of $0.13 http://t.co/cTc8teaLKb
Dakota Financial
31 Jul 15 15:26:57
Progressive Waste Solutions Ltd $BIN Announces Quarterly Dividend of $0.13 http://t.co/6T9lzKdHF9
Ticker Report
31 Jul 15 15:26:54
Progressive Waste Solutions Ltd $BIN Announces Quarterly Dividend of $0.13 http://t.co/2RJQnSHJvS
Dakota Financial
31 Jul 15 05:54:42
Progressive Waste Solutions Trading 5.8% Higher on Strong Earnings $BIN http://t.co/1YaFayxuGi
Sleek Money
31 Jul 15 05:35:58
Progressive Waste Solutions $BIN Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS http://t.co/XsXiPK3Dvm
SIAnalystWire
31 Jul 15 05:15:46
Imperial Capital Cuts Price Target on Progressive Waste Solutions $BIN Following 2Q15 Results http://t.co/xnKbDocUUl
InvestWithConf
31 Jul 15 04:25:02
$BIN is rated BUY, 49.5% upside by Wall Street analysts based on average ratings/targets http://t.co/YPBEHeRffn http://t.co/ZGXqGhyMa0
Arda
30 Jul 15 13:45:07
RT @ebruyil28944193: Bize katılmak isteyen bayanları bekliyoruz ücret dolgun $bin dolar ile $20bin dolar arası değişiyor @HarunYapc http://…
Short put writer
30 Jul 15 12:00:45
I confess my timing stinks: STO $BIN Sep $34 puts. $0.35 credit. Looking to own stock.
Barry Schwartz
30 Jul 15 11:58:20
Progressive Waste raised dividend 6.3%, $BIN
Deep Dive
30 Jul 15 09:23:54
$WM $VEOEY $PESI $CWST $BIN Waste Management, Inc. Earnings Analysis By the Numbers http://t.co/jhA4KenteY http://t.co/oJfiUqGkeM
Estimize
30 Jul 15 08:52:31
@TrembFredrick Your estimate for $BIN Q2 2015 has been scored – http://t.co/F0gid5pfob
The Legacy News
30 Jul 15 07:42:48
Progressive Waste Solutions $BIN Announces Earnings Results http://t.co/75CjimV6Px
ProVesting
30 Jul 15 06:05:01
$BIN: New SEC Filing for BIN: Form 6-K (No. 0001102624-15-001179): http://t.co/M6ClHN7quN
Briefing.com
30 Jul 15 06:04:47
$BIN: Progessive Waste beats by $0.02, reports revs in-line; guides FY15 revs in-line http://t.co/LQHLfVnf6U
New SEC Filings
30 Jul 15 06:04:20
NEW SEC Filing for $BIN filed a moment ago: http://t.co/y7Ccp0RTEK http://t.co/luAqeaVfRe
Ticker Report
30 Jul 15 05:11:30
Progressive Waste Solutions $BIN Releases Earnings Results, Meets Estimates http://t.co/keCKp7rJ37
Dakota Financial
30 Jul 15 05:09:10
Progressive Waste Solutions $BIN Releases Earnings Results, Meets Estimates http://t.co/Tgco6pyqXr
Ticker Report
30 Jul 15 04:41:53
Progressive Waste Solutions $BIN Posts Earnings Results, Misses Expectations By $0.01 EPS http://t.co/q1jIbxtr0I
Consumer News
30 Jul 15 04:41:33
Progressive Waste Solutions Ltd announces earnings. $0.28 EPS. Misses estimates. $493.00m revenue. http://t.co/wodWQsjTwg $BIN #BIN
Dakota Financial
30 Jul 15 04:39:19
Progressive Waste Solutions $BIN Posts Earnings Results, Misses Expectations By $0.01 EPS http://t.co/xpFodmA8zv
US Banking News
30 Jul 15 04:30:30
Progressive Waste Solutions Ltd announces earnings. $0.28 EPS. Misses estimates. $493.00m revenue. http://t.co/GI7bNBKpx1 $BIN #BIN
5i Research Inc.
30 Jul 15 04:14:15
Progressive Waste $BIN boosts #dividend by 6.3%.
DJ Olive
30 Jul 15 04:07:43
RT @MarketCurrents: Progressive Waste Solutions beats by $0.01, beats on revenue http://t.co/YgDw0wBSNi #premarket $BIN
Job Expert
30 Jul 15 03:54:49
RT @MarketCurrents: Progressive Waste Solutions beats by $0.01, beats on revenue http://t.co/YgDw0wBSNi #premarket $BIN
Media Sentiment
30 Jul 15 03:44:50
$BIN received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 61
Breaking News
30 Jul 15 03:43:00
Progressive Waste Solutions beats by $0.01, beats on revenue http://t.co/YgDw0wBSNi #premarket $BIN
Frederick Tremblay
29 Jul 15 20:57:18
Published $BIN estimate on Estimize: Our Quant models forecast a 3,81% surprise on eps and a 1,4% s... http://t.co/hX50lWOq4C
YODA
29 Jul 15 07:47:33
$BIN ... http://t.co/Fc80Iiz2Bz
Breaking News Now
29 Jul 15 07:47:03
$BIN: Progressive Waste Solutions Ltd. (NYSE:BIN) Short Interest Update: http://t.co/350D9okgeY
MarketBeatCom
28 Jul 15 11:32:43
Want automatic email alerts for $WHR $MXWL $BIN $STKL $CRMT? Subscribe to MarketBeat Daily http://t.co/nSJuDsYidj
DailyStockPicks
28 Jul 15 07:21:02
$OCLS cheap health care stock. Price target of $5. 200%+ upside $CSC $SYNA $TEX $IG $BIN $FMSA investors read http://t.co/rWpJvFmAFr
Penny Stock Secret
27 Jul 15 21:03:17
$71,000 in ONE TRADE!! By Follwing Their Signals More Info Here http://t.co/SVqoMkrw2z .. $BIG $BIN $BIO
murat delici
27 Jul 15 19:06:22
RT @ebruyil28944193: Bize katılmak isteyen bayanları bekliyoruz ücret dolgun $bin dolar ile $20bin dolar arası değişiyor @HarunYapc http://…
BreakingStocksNews
26 Jul 15 16:22:02
$BIN: Company Shares of Progressive Waste Solutions Ltd. Drops by ...: http://t.co/NsU6SLwuv3
				
				
By  +Follow January 9, 2014 11:06AM
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