Top 3 Tech Stocks That Could Blast Off In July
Author: Avi Kapoor | July 10, 2024 08:53am
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.
Key Tronic Corporation (NASDAQ:KTCC)
- On June 20, Key Tronic announced a consulting arrangement with Craig D. Gates. The company's stock fell around 9% over the past month and has a 52-week low of $3.60.
- RSI Value: 29.48
- KTCC Price Action: Shares of Key Tronic gained 0.5% to close at $3.72 on Tuesday.
- Benzinga Pro's real-time newsfeed alerted to latest Key Tronic's news.
Amplitech Group Inc (NASDAQ:AMPG)
- On May 30, AmpliTech announced the receipt of notice from Nasdaq regaining compliance. The company's stock fell around 7% over the past month. It has a 52-week low of $1.00.
- RSI Value: 26.81
- AMPG Price Action: Shares of Amplitech Group fell 1% to close at $1.04 on Tuesday.
- Benzinga Pro's charting tool helped identify the trend in Amplitech Group's stock.
Datasea Inc (NASDAQ:DTSS)
- On July 3, Datasea announced the closing of $2.25 million registered direct offering. The company's stock fell around 21% over the past five days and has a 52-week low of $1.42.
- RSI Value: 25.82
- DTSS Price Action: Shares of Datasea closed at $2.69 on Tuesday.
- Benzinga Pro's signals feature notified of a potential breakout in Datasea shares.
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Posted In: AMPG DTSS KTCC
