5 Cheapest Industrials Stocks You Should Think About

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The most oversold stocks in the industrials 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.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Eaton Corporation plc ETN

  • Wells Fargo maintained Eaton with an Equal-Weight and raised the price target from $163 to $169. The company’s stock has a 52-week low of $122.50 .
  • RSI Value: 29.91
  • ETN Price Action: Shares of Eaton dropped 3.6% to settle at $151.86 on Thursday and added 0.5% in after-hours trading.

Zurn Elkay Water Solutions Corporation ZWS

  • Mizuho maintained Zurn Elkay Water with a Buy and lowered the price target from $31 to $26. The company’s stock has a 52-week low of $20.30.
  • RSI Value: 29.82
  • ZWS Price Action: Shares of Zurn Elkay Water Solutions fell 4.6% to close at $20.44 on Thursday and added 1% in after-hours trading.
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HireRight Holdings Corporation HRT

  • Stifel downgraded the stock from Buy to Hold. The company’s stock has a 52-week low of $6.88.
  • RSI Value: 29.20
  • HRT Price Action: Shares of HireRight Holdings fell 7.6% to close at $10.75 on Thursday and lost 0.7% in after-hours trading.

Deere & Company DE

  • Deere & Company recently signed a memorandum of understanding with the American Farm Bureau Federation, ensuring that farmers can repair their farm equipment or take it to independent repair shops. The company’s 52-week low is $283.81.
  • RSI Value: 28.78
  • DE Price Action: Shares of Deere fell 4.1% to close at $408.60 on Thursday and added 0.2% in after-hours trading.

KBR, Inc. KBR

  • KBR, during November, announced $156.7 million contract to update and improve UH-60V Black Hawk Fleet for U.S. Army. The company has a 52-week low of $41.77.
  • RSI Value: 28.12
  • KBR Price Action: Shares of KBR fell 3.5% to close at $47.96 on Thursday and lost 0.1% in after-hours trading.

Read More: Fear & Greed Index Moves To 'Neutral' Zone As Dow Drops For Third Day

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