The most oversold stocks in the information technology 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.

Eastman Kodak Co (NYSE:KODK)

• On July 1, Eastman Kodak filed a prospectus for offering 4.426 million common shares on behalf of selling shareholders. The company’s stock fell around 22% over the past month and has a 52-week low of $4.94.
• RSI Value: 28.4
• KODK Price Action: Shares of Eastman Kodak gained 1.6% to close at $7.78 on Tuesday.
• Edge Stock Ratings: 23.16 Momentum score.

Cango Inc – ADR (NYSE:CANG) 

• On July 10, Cango announced a 1-for-10 reverse stock split. The company’s stock fell around 24% over the past month and has a 52-week low of $1.60.
• RSI Value: 27.1   
• CANG Price Action: Shares of Cango fell 1.4% to close at $1.76 on Tuesday.
• Benzinga Pro’s charting tool helped identify the trend in CANG stock.

Tucows Inc (NASDAQ:TCX)

• On May 7, Tucows posted first-quarter adjusted loss of $1.51 per share, versus a year-ago loss of $1.35 per share. “Our first quarter results reflect steady execution across the business, with consolidated revenue and gross profit increasing year over year, driven by strong growth at Ting and continued margin gains in Tucows Domains,” said David Woroch, CEO of Tucows. The company’s stock fell around 25% over the past month and has a 52-week low of $9.51.
• RSI Value: 26.9
• TCX Price Action: Shares of Tucows fell 3.8% to close at $9.86 on Tuesday.
• Benzinga Pro’s signals feature notified of a potential breakout in TCX shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.