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.

International Paper Co (NYSE:IP)

  • On Oct. 7, Wells Fargo analyst Gabe Hajde maintained International Paper with an Overweight rating and lowered the price target from $46 to $42. The company’s stock fell around 8% over the past month and has a 52-week low of $29.26.
  • RSI Value: 27.6
  • IP Price Action: Shares of International Paper rose 0.2% to close at $31.88 on Thursday.
  • Edge Stock Ratings: 10.68 Momentum score.

Mosaic Co (NYSE:MOS)   

  • On Oct. 5, RBC Capital analyst Andrew D. Wong downgraded Mosaic from Outperform to Sector Perform and cur the price target from $27 to $25. The company’s stock fell around 25% over the past month and has a 52-week low of $19.63.
  • RSI Value: 27
  • MOS Price Action: Shares of Mosaic fell 1.2% to close at $19.73 on Thursday.
  • Benzinga Pro’s charting tool helped identify the trend in MOS stock.

Eagle Materials Inc (NYSE:EXP)

  • On Oct. 8, Truist Securities analyst Keith Hughes maintained Eagle Materials with a Hold and lowered the price target from $210 to $165.. The company’s stock fell around 11% over the past month and has a 52-week low of $586.05.
  • RSI Value: 28.9
  • EXP Price Action: Shares of Eagle Materials fell 0.1% to close at $167.30 on Thursday.
  • Benzinga Pro’s signals feature notified of a potential breakout in EXP 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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