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.

Angi Inc (NASDAQ:ANGI)

  • On Feb. 10, Angi reported worse-than-expected fourth-quarter EPS results. The company’s stock fell around 39% over the past month and has a 52-week low of $7.72.
  • RSI Value: 29.8
  • ANGI Price Action: Shares of Angi gained 0.8% to close at $8.09 on Wednesday.
  • Edge Stock Ratings: 1.99 Momentum score with Value at 45.26.

Trade Desk Inc (NASDAQ:TTD)  

  • On Feb. 25, Trade Desk posted better-than-expected fourth-quarter earnings but issued disappointing first-quarter guidance. The company said it expects first-quarter revenue expected to be more than $678 million, compared to the $689.48 million analyst estimate. The company’s stock fell around 26% over the past month and has a 52-week low of $23.78.
  • RSI Value: 21.1
  • TTD Price Action: Shares of Trade Desk rose 0.9% to close at $25.16 on Wednesday.
  • Benzinga Pro’s charting tool helped identify the trend in TTD stock.

Fox Corp (NASDAQ:FOX)

  • On Feb. 25, B of A Securities analyst Jessica Reif Ehrlich downgraded Fox from Buy to Underperform and lowered the price target from $80 to $45. The company’s stock fell around 24% over the past month and has a 52-week low of $43.18.
  • RSI Value: 19.6
  • FOX Price Action: Shares of Fox fell 3.6% to close at $49.62 on Wednesday.
  • Benzinga Pro’s signals feature notified of a potential breakout in FOX 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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