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.

Albemarle Corp (NYSE:ALB)

• On July 21, Albemarle announced that it declared a quarterly common stock dividend of 41 cents per share. The company’s stock fell around 22% over the past month and has a 52-week low of $64.95.
• RSI Value: 26.1
• ALB Price Action: Shares of Albemarle fell 1% to close at $117.45 on Wednesday.
• Edge Stock Ratings: 18.64 Momentum score.

Mesabi Trust (NYSE:MSB)          

• The company’s stock fell around 11% over the past five days and has a 52-week low of $21.78.
• RSI Value: 25.5  
• MSB Price Action: Shares of Mesabi Trust fell 1.3% to close at $21.93 on Wednesday.
• Benzinga Pro’s charting tool helped identify the trend in MSB stock.

Lithium Americas Corp (NYSE:LAC)

• On July 1, Goldman Sachs analyst Duffy Fischer initiated coverage on Lithium Americas with a Neutral rating and announced a price target of $4.5. The company’s stock fell around 28% over the past month and has a 52-week low of $2.47.
• RSI Value: 26.5
• LAC Price Action: Shares of Lithium Americas fell 2.3% to close at $2.99 on Wednesday.
• Benzinga Pro’s signals feature notified of a potential breakout in LAC shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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