Top 5 Materials Stocks That Are Preparing To Pump In July

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.

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

Gold Resource Corporation GORO

• Gold Resource recently said it is unaware of the reason behind recent stock price volatility. The company’s stock has a 52-week low of $0.49 .
• RSI Value: 26.66
• GORO Price Action: Shares of Gold Resource gained 6% to close at $0.5299 on Friday.

Golden Minerals Company AUMN

• Golden Minerals recenly announced a $2.1 million registered direct offering. It has a 52-week low of $0.11.
• RSI Value: 21.89
• AUMN Price Action: Shares of Golden Minerals rose 0.7% to close at $1.48 on Friday.

Gold Fields Limited GFI

• The company’s stock dropped around 15% over the past month. The company’s stock has a 52-week low of $7.03.
• RSI Value: 29.60
• GFI Price Action: Shares of Gold Fields rose 1.1% to close at $13.24 on Friday.

ReTo Eco-Solutions, Inc. RETO

• ReTo Eco-Solutions reported a $6.6 million registered direct offering of 2 million shares of common stock at a price of $3.30 per share. The company’s 52-week low is $0.9950.
• RSI Value: 17.52
• RETO Price Action: Shares of ReTo Eco-Solutions gained 2.6% to close at $1.19 on Friday.

AngloGold Ashanti Limited AU

• AngloGold Ashanti recently reported financial results for the first quarter. The company has a 52-week low of $11.94.
• RSI Value: 21.26
• AU Price Action: Shares of AngloGold Ashanti rose 0.8% to close at $20.04 on Friday.

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