Top 4 Tech & Telecom Stocks That May Rocket Higher In July
Portfolio Pulse from Lisa Levin
The article lists four oversold stocks in the communication services sector that may present buying opportunities. These include Cineverse Corp. (NASDAQ:CNVS), Fangdd Network Group Ltd. (NASDAQ:DUO), Spark Networks SE (NASDAQ:LOV), and Mobiquity Technologies, Inc. (NASDAQ:MOBQ). All four stocks have an RSI value below 30, indicating they are oversold.
July 21, 2023 | 11:46 am
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Cineverse Corp. has extended its relationship with VA Media, expanding their channels' global footprint. The stock closed at $1.64 with an RSI of 26.24.
The extension of the partnership with VA Media could potentially increase Cineverse's global presence, which may positively impact the stock. The low RSI indicates the stock is oversold and may rebound.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Fangdd Network announced an $8 million registered direct offering. The stock closed at $0.2011 with an RSI of 23.61.
The direct offering could provide Fangdd Network with additional capital, potentially improving its financial position. The low RSI indicates the stock is oversold and may rebound.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Spark Networks announced Colleen Birdnow Brown will step in as interim CEO. The stock closed at $0.2019 with an RSI of 26.93.
The appointment of an interim CEO could bring new strategies and potentially improve the company's performance. The low RSI indicates the stock is oversold and may rebound.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Mobiquity Technologies announced a strategic partnership with Optical Near ME. The stock closed at $0.0860 with an RSI of 27.34.
The strategic partnership with Optical Near ME could potentially expand Mobiquity's market reach. The low RSI indicates the stock is oversold and may rebound.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100