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.

Manchester United PLC (NYSE:MANU)

  • Manchester United said it will report results for the fourth quarter on Sept. 23. The company’s stock fell around 14% over the past month and has a 52-week low of $14.58.
  • RSI Value: 27.3
  • MANU Price Action: Shares of Manchester United gained 0.2% to close at $20.05 on Friday.
  • Edge Stock Ratings: 67.34 Momentum score with Value at 13.69.

Weibo Corp (NASDAQ:WB)        

  • On Aug. 21, Citigroup analyst Alicia Yap downgraded Weibo from Buy to Neutral and cut the price target from $9.3 to $7.8. The company’s stock fell around 13% over the past month and has a 52-week low of $6.59.
  • RSI Value: 26
  • WB Price Action: Shares of Weibo gained 0.3% to close at $6.63 on Friday.
  • Benzinga Pro’s charting tool helped identify the trend in WB stock.

Telus Corporation (NYSE:TU)

  • On July 31, Telus delivered a second-quarter report that fell short on every major metric and unveiled a dividend reduction of more than half.  Second-quarter earnings of 12 cents per share came in nearly 30% below the 17 cents the Street had anticipated and marked a 25% retreat from the 16 cents posted in the comparable period a year earlier. The company’s stock fell around 6% over the past five days and has a 52-week low of $9.01.
  • RSI Value: 29.9
  • TU Price Action: Shares of Telus rose 0.1% to close at $9.10 on Friday.
  • Benzinga Pro’s signals feature notified of a potential breakout in TU shares.

Don’t miss out on the full BZ Edge Rankings—compare all the key stocks now.

Photo via Shutterstock