List of Oversold Stars
When it comes to the technology sector, the lure of undervalued companies can be irresistible for savvy investors seeking potential gains. The Relative Strength Index (RSI), a key momentum indicator, is a popular tool used by traders. It compares a stock’s strength on up days versus down days to provide insights into short-term performance. An RSI below 30 is typically considered a signal that an asset is oversold.
Endava PLC – ADR (DAVA)
- Endava faced challenges as it announced weaker-than-expected quarterly sales, leading to a decline in revenue. Despite this setback, CEO John Cotterell remains optimistic about the company’s future prospects. The stock has experienced a significant drop of around 23% in the past month, hitting a 52-week low of $23.50.
- RSI Value: 25.95
- DAVA Price Action: Shares of Endava fell 3.8% to close at $23.59 on a recent trading day.
- The real-time newsfeed from Benzinga Pro offers valuable insights into the latest developments related to DAVA.
Verint Systems Inc. (VRNT)
- Verint Systems faced a decline in its stock value over the past month, despite an Outperform rating from Wedbush analyst Daniel Ives. The stock has hit a 52-week low of $18.41.
- RSI Value: 25.50
- VRNT Price Action: Shares of Verint fell 1.6% to close at $23.60 on a recent trading day.
- Using Benzinga Pro’s charting tool, investors can track the trends affecting VRNT stock.
CoreCard Corp (CCRD)
- In contrast to many other tech stocks, CoreCard demonstrated strong performance by surpassing quarterly earnings expectations. Despite this, the company’s shares have faced a decline of around 11% in the past month, with a 52-week low of $10.02.
- RSI Value: 28.61
- CCRD Price Action: Shares of CoreCard fell 2.5% to close at $12.94 on a recent trading day.
- Through Benzinga Pro’s signals feature, investors were alerted to a potential breakout in CCRD shares.
Exploring overlooked tech stocks with significant potential for growth can be the key to unlocking substantial gains in your investment portfolio. By leveraging tools like the RSI and staying informed about the latest developments through platforms like Benzinga Pro, investors can navigate the unpredictable waters of the stock market with confidence and agility.