Top 3 Tech Stocks Which Could Rescue Your Portfolio This Month

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.

reAlpha Tech Corp. AIRE

• The company recently filed a prospectus for the offering of up to 1.67 million common units at a price of $12 per unit. The company’s stock has a 52-week low of $4.05 .
• RSI Value: 2.52
• AIRE Price Action: Shares of reAlpha Tech fell 23.4% to close at $7.19 on Monday.

Cisco Systems, Inc. CSCO

• Cisco cut FY24 guidance and issued second-quarter adjusted EPS and revenue guidance below estimates. "After customers implement large amounts of recently shipped product, we expect to see product order growth rates accelerate in the second half of the year," said Scott Herren, CFO of Cisco. It has a 52-week low of $45.56.
• RSI Value: 28.56
• CSCO Price Action: Shares of Cisco rose 1.1% to close at $48.27 on Monday.

Edgio, Inc. EGIO

• Edgio posted better-than-expected sales for the third quarter. "Edgio delivered record bookings in the third quarter, reflecting the strength of our momentum and our commitment to pursuing our transformation strategy," said Bob Lyons, President and CEO of Edgio. The company’s stock has a 52-week low of $0.45.
• RSI Value: 29.83
• EGIO Price Action: Shares of Edgio fell 3.8% to close at $0.5390 on Monday.

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