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Benzinga
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Top 3 Materials Stocks Which Could Rescue Your Portfolio This Quarter

1. Celanese Corp's RSI is at 26.6, indicating it's oversold. 2. CE's stock fell about 29% recently and hit a 52-week low. 3. The company issued Q3 EPS guidance below estimates. 4. Edge Stock Ratings show a momentum score of 5.59 for CE. 5. The materials sector shows potential recovery opportunities for undervalued stocks.

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FAQ

Why Bullish?

Despite recent declines, oversold conditions and low RSI indicate potential for rebound, similar to past recoveries like in 2020.

How important is it?

The article discusses Celanese's oversold status and potential buying opportunity, which can impact investor sentiment and price in the short-term.

Why Short Term?

Given the current oversold status and high volatility, traders are likely to react quickly, more akin to shorter-term trades rather than a long-term hold.

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