27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
The most oversold stocks in the communication services 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.
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Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Genius Brands International, Inc. (NASDAQ:GNUS)
- Genius Brands International announced an exclusive deal with BuzzFeed. The company’s stock has a 52-week low of $3.31 .
- RSI Value: 26.37
- GNUS Price Action: Shares of Genius Brands International rose 0.8% to close at $3.81 on Thursday.
Electronic Arts Inc. (NASDAQ:EA)
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- Electronic Arts recently reported Q3 earnings results and issued Q4 guidance. The company’s stock has a 52-week low of $109.24.
- RSI Value: 28.90
- EA Price Action: Shares of Electronic Arts fell 1.4% to close at $111.72 on Thursday and lost 0.1% in after-hours trading.
KT Corporation (NYSE:KT)
- The company, during November, reported a rise in quarterly sales. The company’s stock has a 52-week low of $11.56.
- RSI Value: 22.37
- KT Price Action: Shares of KT fell 1.8% to close at $12.70 on Thursday and added 0.8% in after-hours trading.
Sirius XM Holdings Inc. (NASDAQ:SIRI)
- Sirius XM reported worse-than-expected Q4 sales results and issued FY23 total revenue guidance below estimates. The company’s 52-week low is $4.59.
- RSI Value: 18.42
- SIRI Price Action: Shares of Sirius XM Holdings fell 1.7% to close at $4.61 on Thursday and lost 0.2% in after-hours trading.
Lumen Technologies, Inc. (NYSE:LUMN)
- Lumen recently reported Q4 earnings results. Following earnings, Citigroup downgraded the stock from Neutral to Sell and lowered its price target from $6.25 to $3.5. The company has a 52-week low of $3.74.
- RSI Value: 27.05
- LUMN Price Action: Shares of Lumen Technologies dropped 1.8% to close at $3.84 on Thursday and lost 0.8% in after-hours trading.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.