27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
The most oversold stocks in the materials 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.
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Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Bon Natural Life Limited (NASDAQ:BON)
- Bon Natural Life named Wallace Lee as new Chief Financial Officer. The company’s stock has a 52-week low of $0.5160 .
- RSI Value: 26.68
- BON Price Action: Shares of Bon Natural Life jumped 10.6% to close at $0.6303 on Monday.
Trinseo PLC (NYSE:TSE)
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- Trinseo reported the inauguration of its polycarbonate (PC) dissolution pilot facility in Terneuzen, the Netherlands on April 5, 2023. The company’s stock has a 52-week low of $12.77.
- RSI Value: 27.66
- TSE Price Action: Shares of Trinseo surged 10.5% to close at $14.41 on Monday.
Intrepid Potash, Inc. (NYSE:IPI)
- Intrepid Potash reported mixed Q1 financial results. Bob Jornayvaz, Intrepid's Executive Chairman and CEO said, "Intrepid's first quarter of 2023 saw a meaningful pickup in demand for our key products, with potash and Trio® sales volumes totaling 89 thousand and 65 thousand tons, respectively." The company’s stock has a 52-week low of $18.26.
- RSI Value: 23.00
- IPI Price Action: Shares of Intrepid Potash gained 4.6% to close at $19.70 on Monday.
The Mosaic Company (NYSE:MOS)
- Mosaic reported mixed first-quarter financial results. The company’s 52-week low is $34.70.
- RSI Value: 27.33
- MOS Price Action: Shares of Mosaic gained 3.5% to close at $36.60 on Monday.
Tronox Holdings plc (NYSE:TROX)
- Tronox Holdings posted upbeat first-quarter results. "While this quarter continued to be challenged by softer end-market demand compared to the prior year, we delivered a stronger quarter than expected," commented John D. Romano, co-chief executive officer. The company has a 52-week low of $10.97.
- RSI Value: 26.64
- TROX Price Action: Shares of Tronox Holdings gained 1.1% to close at $11.31 on Monday.
Read More: Investor Sentiment Improves Ahead Of Debt Ceiling Talks
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.