Top 5 Industrials Stocks Which Could Blast Off This Quarter
Portfolio Pulse from Lisa Levin
The article lists the top 5 oversold industrial stocks with RSI values near or below 30, presenting an opportunity to buy into undervalued companies. The stocks mentioned are ShiftPixy (PIXY), Nxu (NXU), Williams Industrial Services Group (WLMS), Staffing 360 Solutions (STAF), and OceanPal (OP).
June 22, 2023 | 1:01 pm
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Nxu named Jordan Christensen as Chief Legal Officer. Its stock has a 52-week low of $0.4610 and RSI value of 21.34. Shares fell 8.4% to close at $0.5108 on Wednesday.
Nxu's stock is considered oversold with an RSI value of 21.34. The appointment of a new Chief Legal Officer may have contributed to the stock's decline. However, as an oversold stock, it presents a potential opportunity for investors to buy into an undervalued company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
OceanPal posted a narrower loss for the first quarter. Its stock has a 52-week low of $1.77 and RSI value of 18.45. Shares fell 1.4% to close at $1.7950 on Wednesday.
OceanPal's stock is considered oversold with an RSI value of 18.45. The company's narrower loss for the first quarter may have contributed to the stock's decline. However, as an oversold stock, it presents a potential opportunity for investors to buy into an undervalued company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
ShiftPixy filed for offering of 4.6 million shares at $2.19 per share. Its stock has a 52-week low of $1.27 and RSI value of 29.99. Shares fell 43.1% to close at $1.32 on Wednesday.
ShiftPixy's stock is considered oversold with an RSI value of 29.99. The recent offering of 4.6 million shares at $2.19 per share may have contributed to the stock's decline. However, as an oversold stock, it presents a potential opportunity for investors to buy into an undervalued company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Staffing 360 Solutions posted downbeat quarterly sales. Its stock has a 52-week low of $0.65 and RSI value of 29.72. Shares fell 3.1% to close at $0.6795 on Wednesday.
Staffing 360 Solutions' stock is considered oversold with an RSI value of 29.72. The company's downbeat quarterly sales may have contributed to the stock's decline. However, as an oversold stock, it presents a potential opportunity for investors to buy into an undervalued company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Williams Industrial Services expects liquidity issues to persist through 2023 and into 2024. Its stock has a 52-week low of $0.37 and RSI value of 27.30. Shares fell 4.1% to close at $0.37 on Wednesday.
Williams Industrial Services' stock is considered oversold with an RSI value of 27.30. The company's expectation of liquidity issues through 2023 and into 2024 may have contributed to the stock's decline. However, as an oversold stock, it presents a potential opportunity for investors to buy into an undervalued company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100