Top 3 Materials Stocks You May Want To Dump This Month


The most overbought stocks in the materials sector presents an opportunity to go short on these overvalued 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 overbought when the RSI is above 70.

Here’s the latest list of major overbought players in this sector.


  • DRDGOLD shares jumped around 20% over the past month. The company’s stock has a 52-week high of $11.05 .
  • RSI Value: 70.79
  • DRD Price Action: Shares of DRDGOLD fell 3.6% to close at $10.49 on Wednesday.

Diversey Holdings, Ltd. DSEY

  • Diversey Holdings posted weaker-than-expected Q4 earnings. The company’s stock has a 52-week high of $10.68.
  • RSI Value: 70.00
  • DSEY Price Action: Shares of Diversey Holdings gained 0.1% to close at $8.15 on Wednesday.

Core Molding Technologies, Inc. CMT

  • Core Molding Technologies posted better-than-expected Q4 results. David Duvall, the Company’s President and Chief Executive Officer, said, “2022 was a record sales, net income and adjusted EBITDA year for the Company, as we achieved total sales of $377 million, net income of $12.2 million and Adjusted EBITDA of $31.9 million.” The company has a 52-week high of $19.68.
  • RSI Value: 70.82
  • CMT Price Action: Shares of Core Molding Technologies fell 0.4% to close at $19.22 on Wednesday.

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