The real estate sector has an opportunity to buy into the undervalued companies when the most oversold stocks are oversold.
The RSI is a momentum indicator that compares a stock's strength on days when prices go up to its strength on days when prices go down. It can give traders a better idea of how a stock might perform in the short term when compared to a stock price action. An asset is considered oversold if the RSI is below 30.
Here is the latest list of major oversold players in this sector, with an RSI near or below 30.
UNIT Price Action: Shares of Uniti Group went up by 3.5% to trade at $3.60 on Monday.
MPW Price Action: Shares of Medical Properties Trust increased by 1.2% to $7.82 on Monday.