Top 5 Tech Stocks That Are Set To Fly This Quarter

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.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

DigitalOcean Holdings, Inc. DOCN

• DigitalOcean announced it is searching for a new CEO. The company’s stock has a 52-week low of $23.38 .
• RSI Value: 29.95
• DOCN Price Action: Shares of DigitalOcean gained 2.9% to close at $26.58 on Thursday.

Key Tronic Corporation KTCC

• Key Tronic reported an increase in quarterly earnings and sales results. “We’re pleased with our record annual revenue and strong earnings in fiscal 2023, driven by our successful ramp of new programs,” said Craig Gates, President and Chief Executive Officer. It has a 52-week low of $4.00.
• RSI Value: 28.56
• KTCC Price Action: Shares of Key Tronic fell 0.7% to close at $4.44 on Thursday.

Akerna Corp. KERN

• On June 14, Akerna entered into a $500,000 securities purchase agreement with a private investor and sold 1m shares of common stock at a price of $0.50/share. The company’s stock has a 52-week low of $0.26.
• RSI Value: 26.97
• KERN Price Action: Shares of Akerna fell 4.2% to close at $0.2701 on Thursday.

Itron, Inc. ITRI

• Itron posted upbeat quarterly results. "Second quarter 2023 results highlight the execution capability of the team as we capitalized on our strong backlog position, improved asset utilization, and improved component availability. The Company’s financial performance demonstrates the opportunity for value creation available through improving the resiliency, reliability, and agility of the global grid," said Tom Deitrich, Itron’s president and CEO. The company’s 52-week low is $39.38.
• RSI Value: 28.66
• ITRI Price Action: Shares of Itron fell 1.6% to close at $64.33 on Thursday.

TTM Technologies, Inc. TTMI

• TTM Technologies Aerospace & Defense Sector secured a contract from US Army for AN/UPR-4(V) PDRS. The company has a 52-week low of $11.13.
• RSI Value: 29.95
• TTMI Price Action: Shares of TTM Technologies fell 1.2% to close at $13.55 on Thursday.

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