The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.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.
