5 Cheapest Tech And Telecom Stocks You Should Think About

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.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Cumulus Media Inc. CMLS

• Cumulus Media, during October, reported better-than-expected quarterly sales. The company’s stock has a 52-week low of $6.07 .
• RSI Value: 25.21
• CMLS Price Action: Shares of Cumulus Media dropped 5.8% to settle at $6.21 on Friday.

fuboTV Inc. FUBO

• FuboTV and Sinclair Broadcast Group recently reported a comprehensive carriage agreement. The company’s stock has a 52-week low of $1.61.
• RSI Value: 26.02
• FUBO Price Action: Shares of fuboTV gained 2.4% to close at $1.74 on Friday, and lost 1.2% in after-hours trading.

Rumble Inc. RUM

• Rumble, the video-sharing platform and its subscription platform Locals recently filed a lawsuit against New York Attorney General Letitia James to challenge a new state law that forces social media platforms to target constitutionally protected speech. The company’s stock has a 52-week low of $5.81.
• RSI Value: 27.54
• RUM Price Action: Shares of Rumble dropped 4.8% to close at $5.95 on Friday and added 0.7% in after-hours trading.

Skillz Inc. SKLZ

• Skillz recently received notice of non-compliance with NYSE trading share price listing rule. The company’s 52-week low is $0.4530.
• RSI Value: 27.94
• SKLZ Price Action: Shares of Skillz dropped 1.8% to close at $0.5065 on Friday, and lost 0.3% in after-hours trading.

iHeartMedia, Inc. IHRT

• iHeartMedia, last month, posted upbeat Q3 sales. The company has a 52-week low of $5.85.
• RSI Value: 29.02
• IHRT Price Action: Shares of iHeartMedia close at $6.13 on Friday.

Check This Out: Investor Fear Eases Slightly On Last Trading Day Of 2022