Top 3 Tech And Telecom Stocks You'll Regret Missing This Month

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, according to Benzinga Pro.

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

AMC Entertainment Holdings Inc AMC

• The company on Monday announced a major expansion of Dolby Cinema at AMC theaters in the United States. “For a decade, AMC and Dolby have provided moviegoers with incredible premium experiences – making the biggest blockbusters even bigger, brighter, louder, and more immersive,” said Adam Aron, chairman and CEO of AMC Entertainment. “The expansion of this partnership is a powerful demonstration of AMC’s ongoing commitment to deliver this premium experience – sought out by filmmakers, studio partners, and our guests – to even more of our theaters and AMC moviegoers around the United States.” The company’s stock fell around 10% over the past month and has a 52-week low of $2.38.
• RSI Value: 28.6
• AMC Price Action: Shares of AMC fell 1.1% to close at $2.75 on Wednesday.
• Edge Stock Ratings: 22.48 Momentum score with Value at 16.78.

Thryv Holdings Inc THRY   

• On Feb. 27, Thryv Holdings posted upbeat quarterly results. “We delivered a strong fourth quarter with a robust increase in revenue and record SaaS margins, reaching a pivotal inflection point as SaaS now drives the majority of our revenue, reinforcing our transformation into a leading software company,” said Joe Walsh, Thryv Chairman and CEO. The company’s stock fell around 20% over the past month and has a 52-week low of $12.47.
• RSI Value: 25.1
• THRY Price Action: Shares of Thryv gained 0.9% to close at $13.11 on Wednesday.
• Benzinga Pro’s charting tool helped identify the trend in THRY stock.

Iridium Communications Inc IRDM

• Iridium Communications will host a conference call on Tuesday, April 22, to discuss its first quarter results. The company’s stock fell around 13% over the past month and has a 52-week low of $24.14.
• RSI Value: 28.4
• IRDM Price Action: Shares of Iridium Communications fell 1.1% to close at $27.03 on Wednesday.
• Benzinga Pro’s signals feature notified of a potential breakout in IRDM shares.

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