Top 5 Tech And Telecom Stocks That May Rocket Higher This Month
Portfolio Pulse from Lisa Levin
The most oversold stocks in the communication services sector present an opportunity to buy into undervalued companies. The latest list of major oversold players with an RSI near or below 30 includes Salem Media Group (SALM), Society Pass Incorporated (SOPA), United States Cellular Corporation (USM), Kubient (KBNT), and Vinco Ventures (BBIG).
May 19, 2023 | 12:42 pm
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Vinco Ventures reported a 1-for-20 reverse stock split, with shares dropping 2.2% to close at $2.22 on Thursday. RSI Value: 26.73.
Vinco Ventures' reverse stock split and oversold status with an RSI of 26.73 indicate potential for a short-term rebound as investors may see this as an opportunity to buy undervalued shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Kubient posted a narrower-than-expected loss for Q4, with shares falling 3.2% to close at $0.5026 on Thursday. RSI Value: 29.26.
Kubient's narrower-than-expected Q4 loss and oversold status with an RSI of 29.26 suggest potential for a short-term rebound as investors may view this as an opportunity to buy undervalued shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Salem Media Group posted a wider-than-expected Q1 loss, with shares falling 4.9% to close at $0.9410 on Thursday. RSI Value: 29.49.
Salem Media Group's wider-than-expected Q1 loss and oversold status with an RSI of 29.49 indicate potential for a short-term rebound as investors may see this as an opportunity to buy undervalued shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Society Pass posted downbeat quarterly sales, with shares falling 7.6% to close at $0.8320 on Thursday. RSI Value: 26.37.
Society Pass's downbeat quarterly sales and oversold status with an RSI of 26.37 suggest potential for a short-term rebound as investors may view this as an opportunity to buy undervalued shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
United States Cellular reported worse-than-expected Q1 EPS and sales results, with shares dropping 3.5% to close at $14.30 on Thursday. RSI Value: 15.72.
United States Cellular's worse-than-expected Q1 results and oversold status with an RSI of 15.72 indicate potential for a short-term rebound as investors may see this as an opportunity to buy undervalued shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100