Top 4 Tech And Telecom Stocks That Are Preparing To Pump In February

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.

IHS Holding Limited IHS

• On Jan. 16, IHS Towers and Wendel Group agreed on corporate governance matters. Sam Darwish, IHS Towers Chairman and CEO commented: "We believe the agreement announced today better aligns IHS Towers’ corporate governance with that of mature U.S.-listed companies, which was an important goal we set at the time of our public listing. With the support of our pre-IPO shareholder base as well as newer investors post listing, we continue to focus on executing our strategy of creating value for all our stakeholders." The company’s stock fell around 22% over the past five days and has a 52-week low of $3.16 .
• RSI Value: 15.20
• IHS Price Action: Shares of IHS fell 19.8% to close at $3.19 on Thursday.

AMC Entertainment Holdings, Inc. AMC

• On Jan. 7, AMC Entertainment announced that the “Taylor Swift – The Eras Tour” concert film officially became the highest grossing concert and documentary film in box office history. The film is distributed exclusively by AMC Theatres Distribution. The company’s stock fell around 34% over the past month. It has a 52-week low of $3.98.
• RSI Value: 29.50
• AMC Price Action: Shares of AMC Entertainment rose 0.2% to close at $4.06 on Thursday.

iQIYI, Inc. IQ

• The company’s stock fell around 31% over the past month and has a 52-week low of $3.22.
• RSI Value: 14.65
• IQ Price Action: Shares of iQIYI fell 1.8% to close at $3.29 on Thursday.

FingerMotion, Inc. FNGR

• On Jan. 16, FingerMotion posted a third-quarter loss of 4 cents per share. "The numbers do not reflect the optimism that management sees going forward," said Martin Shen, CEO of FingerMotion Inc. "We were looking for positive cash flow from our diversification into new business segments by the end of the quarter, but missed the cutoff. Exciting new business segments are underway in the current quarter that could improve revenues, margins, and get us close to our goal of profitability. We are building this business for the long term and innovate our way out of market challenges." The company’s shares lost around 42% over the past month. The company’s 52-week low is $1.01.
• RSI Value: 23.39
• FNGR Price Action: Shares of FingerMotion fell 3% to close at $2.30 on Thursday.

Read More: Relmada Therapeutics And 2 Other Penny Stocks Insiders Are Buying