Top 5 Industrials Stocks That May Rocket Higher This Month
Portfolio Pulse from Lisa Levin
The most oversold stocks in the industrials sector present an opportunity to buy into undervalued companies. The latest list of major oversold players in this sector, having an RSI near or below 30, includes Wheels Up Experience (UP), AgEagle Aerial Systems (UAVS), MDU Resources Group (MDU), Nxu (NXU), and Nuburu (BURU).
June 12, 2023 | 12:29 pm
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POSITIVE IMPACT
Nuburu and GE Additive signed a joint development agreement. The stock has a 52-week low of $0.63 and RSI value of 29.61.
Nuburu is considered oversold with an RSI value of 29.61. The company's joint development agreement with GE Additive may lead to a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
MDU Resources' subsidiary secures regulatory approval to serve large data center electric load. The stock has a 52-week low of $17.30 and RSI value of 22.40.
MDU Resources is considered oversold with an RSI value of 22.40. The company's subsidiary securing regulatory approval to serve large data center electric load may lead to a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Nxu named Jordan Christensen as Chief Legal Officer. The stock has a 52-week low of $0.4610 and RSI value of 18.50.
Nxu is considered oversold with an RSI value of 18.50. The company's appointment of Jordan Christensen as Chief Legal Officer may lead to a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
AgEagle Aerial Systems priced $4.2 million registered direct offering and concurrent private placement. The stock has a 52-week low of $0.29 and RSI value of 28.68.
AgEagle Aerial Systems is considered oversold with an RSI value of 28.68. The company's recent $4.2 million registered direct offering and concurrent private placement may lead to a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Wheels Up Experience posted in-line quarterly loss and announced program changes for future success. The stock has a 52-week low of $2.3330 and RSI value of 22.72.
Wheels Up Experience is considered oversold with an RSI value of 22.72. The company's announcement of program changes for future success may lead to a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100