Top 3 Materials Stocks That Are Preparing To Pump In Q2

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.

Golden Minerals Company AUMN

• Golden Minerals announced restart of silver and gold mining operations at Velardeña. The company’s stock has a 52-week low of $0.11 .
• RSI Value: 18.60
• AUMN Price Action: Shares of Golden Minerals Company fell 1.8% to close at $2.19 on Tuesday.

Gatos Silver, Inc. GATO

• RBC Capital analyst Michael Siperco reinstated Gatos Silver with a Sector Perform and maintained a $6 price target. It has a 52-week low of $2.20.
• RSI Value: 23.42
• GATO Price Action: Shares of Gatos Silver fell 0.5% to close at $4.07 on Tuesday.

ReTo Eco-Solutions, Inc. RETO

• ReTo regained compliance with Nasdaq's minimum bid price requirement. The company’s stock has a 52-week low of $1.25.
• RSI Value: 14.07
• RETO Price Action: Shares of ReTo Eco-Solutions climbed 8.4% to close at $1.42 on Tuesday.

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