Top 3 Materials Stocks That Are Set To Fly This Month

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, according to Benzinga Pro.

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

Mp Materials Corp MP

On Dec. 9, MP Materials announced exchanges of a portion of its 0.25% green convertible senior notes due 2026, representing a net reduction of $25 million of outstanding indebtedness. The company' stock fell around 1% over the past month and has a 52-week low of $10.02.
RSI Value: 29.9
MP Price Action: Shares of MP closed at $19.38 on Wednesday.
Benzinga Pro's real-time newsfeed alerted to latest MP news.

Aptargroup Inc ATR

On Jan. 7, Raymond James analyst Matt Roberts initiated coverage on AptarGroup with an Outperform rating and announced a price target of $200. The company's stock fell around 10% over the past month and has a 52-week low of $124.94.
RSI Value: 28.6
ATR Price Action: Shares of Aptargroup closed at $154.15 on Wednesday.
Benzinga Pro’s charting tool helped identify the trend in ATR stock.

Westlake Corp WLK

On Jan. 7, Piper Sandler analyst Charles Neivert maintained Westlake with an Overweight and lowered the price target from $155 to $135.. The company's stock fell around 10% over the past month and has a 52-week low of $108.95.
RSI Value: 19.8
WLK Price Action: Shares of Westlake fell 0.1% to close at $110.54 on Wednesday.
Benzinga Pro’s signals feature notified of a potential breakout in WLK shares.