Top 3 Tech And Telecom Stocks That May Rocket Higher In Q4

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.

Tim SA TIMB

On Dec. 19, Goldman Sachs analyst Vitor Tomita maintained TIM with a Neutral and lowered the price target from $16.2 to $14. The company's stock fell around 14% over the past month and has a 52-week low of $11.76.
RSI Value: 28
TIMB Price Action: Shares of Tim fell 2.2% to close at $11.81 on Thursday.
Benzinga Pro's real-time newsfeed alerted to latest TIMB news.

Gray Television Inc GTN

On Dec. 18, Atlanta Braves partnered with Gray Media to simulcast 15 regular season games. The company's stock fell around 28% over the past month and has a 52-week low of $2.91.
RSI Value: 24
GTN Price Action: Shares of Gray Television gained 3% to close at $3.12 on Thursday.
Benzinga Pro’s charting tool helped identify the trend in GTN stock.

Electronic Arts Inc EA

On Dec. 18, Stifel analyst Drew Crum downgraded Electronic Arts from Buy to Hold and maintained the price target of $167. The company's stock fell around 9% over the past month and has a 52-week low of $124.96.
RSI Value: 26
EA Price Action: Shares of Electronic Arts slipped 0.1% to close at $149.07 on Thursday.
Benzinga Pro’s signals feature notified of a potential breakout in EA shares.