Alpaca Benzinga spotlights oversold materials names SMG, LIN, GPK

The most oversold stocks in the materials sector are being highlighted as potential value opportunities. RSI is a momentum indicator that compares a stock’s strength on days when prices rise with its strength on down days, and can help traders gauge short-term performance. An asset is typically considered oversold when RSI is below 30, according to Pro. This latest list covers major materials names with RSI near or below 30.

Scotts Miracle-Gro Co (NYSE: SMG) said on Sept. 3 it plans to acquire the Black Kow brand. The stock fell about 8% over the past month and has a 52-week low of $52.00. Its RSI is 29.9.

Shares slipped 3.3% to close at $57.53 on Tuesday. Edge Stock Ratings showed a 91.92 Momentum score and a Value score of 93.51. Linde PLC (NASDAQ: LIN) reported second-quarter financial results on July 31 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” The company said it maintained industry-leading profitability, with 29.5% operating margin and 23.5% return on capital.

It added that it signed another long-term electronics supply contract in the U.S., lifting its sale of gas backlog to a record $8.1 billion. The stock fell around 4% over the past five days and has a 52-week low of $387.78. RSI Value: 29.4 Linde fell 1.9% to close at $468.38 on Tuesday. Pro’s charting tool helped identify the trend in LIN stock.

On Sept. 3, Graphic Packaging Holding Co 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 Graphic Packaging fell 5.2% to close at $9.89 on Tuesday.

Pro’s signals feature notified of a potential breakout in GPK shares.