Top 5 Industrials Stocks Which Could Blast Off In Q2

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.

Toro Corp. TORO

• Toro’s shares gained around 12% over the past six months. The company’s stock has a 52-week low of $1.42 .
• RSI Value: 28.19
• TORO Price Action: Shares of Toro fell 4.6% to close at $2.29 on Thursday.

BGSF, Inc. BGSF

• BG Staffing posted downbeat Q4 results. Beth A. Garvey, Chair, President and CEO, said, "Fiscal 2022 was a transformational year for our Company. We are very pleased with the results and believe that our stated goals of fully aligning BGSF’s core strategy around building higher margin businesses in consulting, managed services and in workforce solutions demonstrated significant progress in 2022." The company’s stock has a 52-week low of $9.39.
• RSI Value: 27.45
• BGSF Price Action: Shares of BGSF fell 0.5% to close at $9.89 on Thursday.

TD Holdings, Inc. GLG

• TD Holdings reported a Letter of Intent to acquire over 51% equity interest in Dede Xinyuan Environmental Protection Technology Co. The company’s stock has a 52-week low of $0.75.
• RSI Value: 24.47
• GLG Price Action: Shares of TD Holdings rose 3.8% to close at $0.80 on Thursday.

Nikola Corporation NKLA

• Nikola announced pricing for a $100 million common stock offering. The company’s 52-week low is $0.9610.
• RSI Value: 23.72
• NKLA Price Action: Shares of Nikola fell 2.4% to close at $0.9698 on Thursday.

Douglas Dynamics, Inc. PLOW

• Douglas Dynamics posted better-than-expected Q4 earnings. “Both of our segments produced improved results in 2022,” explained Bob McCormick, President and CEO. “While external headwinds persisted, demand remained strong during 2022 and our teams were able to find ways to deliver for our customers while controlling costs.” The company has a 52-week low of $27.76.
• RSI Value: 29.10
• PLOW Price Action: Shares of Douglas Dynamics rose 1% to close at $30.08 on Thursday.

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