Alpaca Benzinga spotlights oversold materials names SMG, LIN, GPK
Alpaca Benzinga lists materials stocks with RSI near or below 30: Scotts Miracle-Gro (SMG) RSI 29.9, Linde (LIN) RSI 29.4, and Graphic Packaging (GPK) RSI 29.5. Latest closes: SMG $57.53, LIN $468.38, GPK $9.89.
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. 00. 9.
53 on Tuesday. 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. 5% return on capital.
1 billion. 78. 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. 78. 89 on Tuesday.
Pro’s signals feature notified of a potential breakout in GPK shares.