Top 3 Industrials Stocks That May Explode This Month

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. Hayward Holdings Inc (NYSE:HAYW) On Oct. 2, Hayward Holdings announced the appointment of Jared Arrowood as vice president and chief accounting officer. “Jared’s experience as a financial executive for publicly traded global organizations and his deep understanding of our business make him exceptionally well suited for this role,” said Eifion Jones, senior vice president, finance and chief financial officer. The company’s stock fell around 8% over the past month and has a 52-week low of $12.02. RSI Value: 29.7 HAYW Price Action: Shares of Hayward fell 1% to close at $12.31 on Tuesday. Edge Stock Ratings: 10.93 Momentum score with Value at 33.71. Werner Enterprises Inc (NASDAQ:WERN) On Oct. 5, JP Morgan analyst Brian Ossenbeck maintained Werner Enterprises with an Underweight rating and lowered the price target from $39 to $33. The company’s stock fell around 18% over the past month and has a 52-week low of $23.06. RSI Value: 29.5 WERN Price Action: Shares of Werner fell 3.9% to close at $32.81 on Tuesday. Benzinga Pro’s charting tool helped identify the trend in WERN stock. Robert Half Inc (NYSE:RHI) On July 23, Robert Half posted in-line earnings for the second quarter. The company’s stock fell around 14% over the past month and has a 52-week low of $21.83. RSI Value: 28.7 RHI Price Action: Shares of Robert Half fell 1.9% to close at $33.67 on Tuesday. Benzinga Pro’s signals feature notified of a potential breakout in RHI shares. Curious about other BZ Edge Rankings? Click here to discover how similar stocks measure up. Photo via Shutterstock