Top 3 Tech Stocks That May Jump 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.

IMPINJ Inc PI

On Feb. 5, Impinj reported worse-than-expected fourth-quarter sales results and issued first-quarter revenue guidance below estimates. The company' stock fell around 27% over the past month and has a 52-week low of $97.77.
RSI Value: 22.2
PI Price Action: Shares of IMPINJ fell 2.2% to close at $105.38 on Friday.
Benzinga Pro's real-time newsfeed alerted to latest PI news.

Xerox Holdings Corp XRX

On Jan. 28, Xerox reported worse-than-expected fourth-quarter adjusted EPS results.. The company's stock fell around 13% over the past month and has a 52-week low of $7.81.
RSI Value: 29.3
XRX Price Action: Shares of Xerox dipped 6.4% to close at $7.85 on Friday.
Benzinga Pro’s charting tool helped identify the trend in XRX stock.

Zebra Technologies Corp ZBRA

Zebra Technologies will report its fourth quarter and full year 2024 financial results on Thursday, Feb. 13. The company's stock fell around 5% over the past five days and has a 52-week low of $243.48.
RSI Value: 28.5
ZBRA Price Action: Shares of Zebra fell 3.6% to close at $363.44 on Friday.
Benzinga Pro’s signals feature notified of a potential breakout in ZBRA shares.