The most oversold stocks in the information technology 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.

Cirrus Logic Inc (NASDAQ:CRUS)

  • On Aug. 5, Cirrus Logic posted mixed quarterly results. “Cirrus Logic delivered record first quarter revenue and earnings per share in the June quarter,” said John Forsyth, Cirrus Logic president and chief executive officer. The company’s stock fell around 13% over the past month and has a 52-week low of $92.02.
  • RSI Value: 28.7
  • CRUS Price Action: Shares of Cirrus Logic fell 3.1% to close at $129.42 on Wednesday.
  • Edge Stock Ratings: 36.76 Momentum score with Value at 70.99.

Vishay Precision Group Inc (NYSE:VPG)          

  • On Aug. 5, Vishay Precision Group reported worse-than-expected second-quarter financial results. Ziv Shoshani, Chief Executive Officer of VPG, said, “We delivered another quarter of strong order momentum, with bookings of $95.5 million and a book-to-bill ratio of 1.14, driven by record quarterly orders for our precision resistors serving AI-related semiconductor, data center, aerospace and defense applications.” The company’s stock fell around 40% over the past month and has a 52-week low of $26.13.
  • RSI Value: 26.2   
  • VPG Price Action: Shares of Vishay Precision fell 27.2% to close at $73.56 on Wednesday.
  • Benzinga Pro’s charting tool helped identify the trend in VPG stock.

Datavault AI Inc (NASDAQ:DVLT)

  • On Aug. 5, Litchfield Hills analyst Barry Sine initiated coverage on Datavault AI with a Buy rating and announced a price target of $2. The company’s stock fell around 24% over the past month and has a 52-week low of $0.25.
  • RSI Value: 26.9
  • DVLT Price Action: Shares of Datavault fell 24% to close at $0.28 on Wednesday.
  • Benzinga Pro’s signals feature notified of a potential breakout in DVLT shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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