Top 2 Tech And Telecom Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the communications 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, according to Benzinga Pro.

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

Sirius XM Holdings Inc. SIRI

• On Feb. 1, Sirius XM Holdings posted better-than-expected fourth-quarter earnings. Guggenheim analyst Curry Baker initiated coverage on Sirius XM Holdings with a Neutral rating and announced a price target of $4 on March 14. The company’s stock fell around 18% over the past month and has a 52-week low of $3.32 .
• RSI Value: 16.95
• SIRI Price Action: Shares of Sirius XM rose 0.3% to close at $3.89 on Monday.

Integral Ad Science Holding Corp. IAS

• On Feb. 27, Integral Ad Science Holding reported upbeat results for its fourth quarter. "We ended 2023 with strong fourth quarter performance across optimization and measurement with revenue growth of 16% and 18%, respectively," said Lisa Utzschneider, CEO of IAS. "Social media revenue increased 37% in the fourth quarter as marketers trusted IAS to maximize their advertising spend globally, particularly in short-form video. In 2024, we will continue to invest in data science and innovate with AI to empower marketers with actionable data to drive superior results. We expect to deliver double-digit revenue growth for the full year." The company’s stock fell around 45% over the past month. It has a 52-week low of $9.10.
• RSI Value: 29.41
• IAS Price Action: Shares of Integral Ad Science Holding fell 1.6% to close at $9.34 on Monday.

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