Top 3 Tech & Telecom Stocks That Could Lead To Your Biggest Gains This Quarter

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.

Trade Desk Inc TTD

On Feb. 12, The Trade Desk reported quarterly earnings of 59 cents per share, which beat the analyst consensus estimate of 56 cents. Quarterly revenue came in at $741.01 million, which missed the analyst consensus estimate of $758.93 million. The company has a 52-week low of $71.11.
RSI Value: 25.4
TTD Price Action: Shares of Trade Desk gained 1.7% to close at $122.23 on Wednesday.
Benzinga Pro's real-time newsfeed alerted to latest TTD news.

Lumen Technologies Inc LUMN

On Feb. 4, Lumen Technologies reported better-than-expected financial results for the fourth quarter. "We made material progress strengthening our financial position, transforming our corporate functions, and building the backbone for the AI economy," said Kate Johnson, president and CEO of Lumen. "This upcoming year, we will continue to drive operational excellence at Lumen, disrupt the industry by cloudifying telecom, and deliver connectivity to hyperscalers and enterprises as their demand for data grows in the era of AI." The company's stock fell around 13% over the past month and has a 52-week low of $0.97.
RSI Value: 29.5
LUMN Price Action: Shares of Lumen fell 3.5% to close at $4.66 on Wednesday.
Benzinga Pro’s charting tool helped identify the trend in LUMN stock.

Cable One Inc CABO

On Feb. 4, the company's Board of Directors declared a quarterly cash dividend of $2.95 per share. The company's stock fell around 14% over the past month and has a 52-week low of $271.18.
RSI Value: 25.5
CABO Price Action: Shares of Cable One fell 1.1% to close at $279.45 on Wednesday.
Benzinga Pro’s signals feature notified of a potential breakout in CABO shares.