The most oversold stocks in the materials 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.

Scotts Miracle-Gro Co (NYSE:SMG)

  • On Sept. 3, Scotts Miracle-Gro announced plans to acquire the Black Kow brand. The company’s stock fell around 8% over the past month and has a 52-week low of $52.00.
  • RSI Value: 29.9
  • SMG Price Action: Shares of Scotts Miracle-Gro slipped 3.3% to close at $57.53 on Tuesday.
  • Edge Stock Ratings: 91.92 Momentum score with Value at 93.51.

Linde PLC (NASDAQ:LIN)          

  • On July 31, Linde reported second-quarter financial results and issued third-quarter adjusted EPS guidance with its midpoint below estimates. Chief Executive Officer Sanjiv Lamba said, “Linde employees delivered another solid quarter, generating record sales and EPS while maintaining industry-leading profitability with 29.5% operating margin and 23.5% return on capital. During the quarter, we also signed another long-term electronics supply contract in the U.S., increasing the sale of gas backlog to a record $8.1 billion.” The company’s stock fell around 4% over the past five days and has a 52-week low of $387.78.
  • RSI Value: 29.4
  • LIN Price Action: Shares of Linde fell 1.9% to close at $468.38 on Tuesday.
  • Benzinga Pro’s charting tool helped identify the trend in LIN stock.

Graphic Packaging Holding Co (NYSE:GPK)

  • On Sept. 3, Graphic Packaging appointed Tatiana Berardinelli as chief human resources officer. The company’s stock fell around 17% over the past month and has a 52-week low of $8.78.
  • RSI Value: 29.5
  • GPK Price Action: Shares of Graphic Packaging fell 5.2% to close at $9.89 on Tuesday.
  • Benzinga Pro’s signals feature notified of a potential breakout in GPK 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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