Top 5 Industrials Stocks Which Could Blast Off This Quarter

Author: Lisa Levin | June 22, 2023 09:01am

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.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

ShiftPixy, Inc. (NASDAQ:PIXY)

• ShiftPixy filed for offering of 4.6 million shares of common stock at assumed public offering price of $2.19 per share. The company’s stock has a 52-week low of $1.27 .
• RSI Value: 29.99
• PIXY Price Action: Shares of ShiftPixy fell 43.1% to close at $1.32 on Wednesday.

Nxu, Inc. (NASDAQ:NXU)

• Nxu named Jordan Christensen as Chief Legal Officer. It has a 52-week low of $0.4610.
• RSI Value: 21.34
• NXU Price Action: Shares of Nxu fell 8.4% to close at $0.5108 on Wednesday.

Williams Industrial Services Group Inc. (NYSE:WLMS)

• Williams said it expects liquidity issues to persist through 2023 and into 2024. The company’s stock has a 52-week low of $0.37.
• RSI Value: 27.30
• WLMS Price Action: Shares of Williams Industrial Services fell 4.1% to close at $0.37 on Wednesday.

Staffing 360 Solutions, Inc. (NASDAQ:STAF)

• Staffing 360 Solutions posted downbeat quarterly sales. Brendan Flood, Chairman, CEO and President, said, “Our paradigm changing service delivery approach continues to make advances in very challenging markets, with our year-over-year revenue growth well into double digits with strong gross profit for the year.” The company’s 52-week low is $0.65.
• RSI Value: 29.72
• STAF Price Action: Shares of Staffing 360 Solutions fell 3.1% to close at $0.6795 on Wednesday.

OceanPal Inc. (NASDAQ:OP)

• OceanPal posted a narrower loss for the first quarter. The company has a 52-week low of $1.77.
• RSI Value: 18.45
• OP Price Action: Shares of OceanPal fell 1.4% to close at $1.7950 on Wednesday.

 

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Posted In: NXU OP PIXY STAF WLMS