RSI - Top 4 Tech And Telecom Stocks That Are Preparing To Pump In February | Benzinga
The most oversold stocks in the communication services 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.
IHS Holding Limited (NYSE: IHS)
- On Jan. 16, IHS Towers and Wendel Group agreed on corporate governance matters. Sam Darwish, IHS Towers Chairman and CEO commented: "We believe the agreement announced today better aligns IHS Towers’ corporate governance with that of mature U.S.-listed companies, which was an important goal ...