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.

Honeywell International Inc (NASDAQ:HON)

  • On Aug. 19, Honeywell Technologies named Billal Hammoud as president and CEO of Process Technology, while appointing Juan Picon as president and CEO of Building Automation, effective Oct. 1. “Both Billal and Juan’s appointments demonstrate the depth and strength of our leadership bench across Honeywell Technologies,” said Vimal Kapur, Chairman and CEO of Honeywell Technologies. The company’s stock fell around 6% over the past five days and has a 52-week low of $195.77.
  • RSI Value: 27.7
  • HON Price Action: Shares of Honeywell fell 2.6% to close at $221.73 on Wednesday.
  • Edge Stock Ratings: 91.92 Momentum score with Value at 93.51.

Limbach Holdings Inc (NASDAQ:LMB) 

  • On Aug. 4, Limbach Holdings reported worse-than-expected second-quarter financial results. “Our second quarter results were primarily affected by project timing and price sensitivity in certain markets rather than a deterioration in underlying demand leading to results that fell below our expectations,” said Michael McCann, President and Chief Executive Officer of Limbach. The company’s stock fell around 41% over the past month and has a 52-week low of $42.60.
  • RSI Value: 27.8
  • LMB Price Action: Shares of Limbach rose 1.3% to close at $43.70 on Wednesday.
  • Benzinga Pro’s charting tool helped identify the trend in LMB stock.

Rentokil Initial PLC (NYSE:RTO)

  • On July 30, Rentokil Initial posted H1 EPS of 14 cents, up from 7 cents in the year-ago period. The company’s stock fell around 22% over the past month and has a 52-week low of $23.26.
  • RSI Value: 28.8
  • RTO Price Action: Shares of Rentokil Initial fell 0.2% to close at $23.54 on Wednesday.
  • Benzinga Pro’s signals feature notified of a potential breakout in RTO shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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