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Top 3 Industrials Stocks You'll Regret Missing In Q3 - AeroVironment (NASDAQ:AVAV)

iconBenzinga

2024-07-09 16:35

Loading... Loading... The most oversold stocks in the industrials sector presents an opportun

  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, according to Benzinga Pro.

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

  AeroVironment, Inc. AVAV

  • On June 26, AeroVironment reported its fourth-quarter financial results and issued guidance below estimates. “AeroVironment has yet again delivered exceptional results this past quarter resulting in record revenue and full-year profitability for the company,” said Wahid Nawabi, AeroVironment CEO. The company's stock fell around 17% over the past month and has a 52-week low of $91.00.
  • RSI Value:29.85
  • AVAV Price Action:Shares of AeroVironment gained 0.7% to close at $170.13 on Monday.
  • Benzinga Pro's real-time newsfeed alerted to latest AVAV's news.

  Greenbrier Companies Inc GBX

  • On July 8, Greenbrier reported worse-than-expected third-quarter financial results. Lorie L. Tekorius, CEO and President, said, “Consolidated gross margin in the mid-teens for a third consecutive quarter drove strong EPS performance. Results reflect our continued focus on efficiencies gained over the last several quarters and execution by the team that extends across the full reach of Greenbrier's business.” The company's stock fell around 11% over the past five days. It has a 52-week low of $32.00.
  • RSI Value:26.89
  • GBX Price Action:Shares of Greenbrier fell 9.1% to close at $44.14 on Monday.
  • Benzinga Pro's charting tool helped identify the trend in GBX stock.

  Frontier Group Holdings Inc ULCC

  • On July 8, Deutsche Bank analyst Michael Linenberg maintained Frontier Group with a Hold and lowered the price target from $7 to $5. The company's stock fell around 21% over the past month and has a 52-week low of $3.19.
  • RSI Value:28.82
  • ULCC Price Action:Shares of Frontier Group fell 4.9% to close at $4.31 on Monday.
  • Benzinga Pro's signals feature notified of a potential breakout in ULCC shares.
Disclaimer:The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.