The most oversold stocks in the real estate 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.
CoStar Group Inc (NASDAQ:CSGP)
- On April 23, CoStar Group reported better-than-expected first-quarter financial results.. The company's stock fell around 14% over the past month and has a 52-week low of $67.35.
- RSI Value: 24.07
- CSGP Price Action: Shares of CoStar Group rose 0.3% to close at $76.43 on Monday.
- Benzinga Pro's real-time newsfeed alerted to latest CoStar Group’s news.
DigitalBridge Group Inc (NYSE:DBRG)
- On April 30, DigitalBridge posted first-quarter earnings of 1 cent per share on revenue of $74.39 million. The company's stock fell around 12% over the past month. It has a 52-week low of $12.33.
- RSI Value: 28.93
- DBRG Price Action: Shares of DigitalBridge Group fell 0.5% to close at $12.88 on Monday.
- Benzinga Pro's charting tool helped identify the trend in DBRG stock.
RLJ Lodging Trust (NYSE:RLJ)
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