The most oversold stocks in the communication services sector is an opportunity to buy into undervalued companies.
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 sense of how a stock might perform in the short term when compared to a stock price action. An asset is typically 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.
The share price of Consolidated Communications fell by 0.4% to close at $2.40 on Tuesday.
SSP Price Action: Shares of E.W. On Tuesday, Scripps gained 3.8% to close at $9.35.