UONE - Top 5 Tech And Telecom Stocks That May Explode In Q4 | 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.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
The Trade Desk, Inc. (NASDAQ: TTD)
- The Trade Desk reported quarterly earnings of 33 cents per share, beating the analyst consensus estimate of 29 cents. "Q3 was a strong quarter for The Trade Desk as we delivered revenue of $493 million, accelerating growth to 25%. This performance underlines the premium that advertisers are ...