TRIP - Top 5 Tech And Telecom Stocks Which Could Rescue Your Portfolio This Quarter | 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.
iClick Interactive Asia Group Limited (NASDAQ:ICLK)
- On April 26, iClick Interactive Asia announced the termination of its merger agreement with TSH Investment Holding Limited and TSH Merger Sub Limited. The company's stock fell around 69% over the past month and has a 52-week low ...