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.

HubSpot Inc HUBS

• According to a Bloomberg report citing people with knowledge of the matter on July 10, Google parent Alphabet ditched its efforts to acquire HubSpot after the two companies failed to reach detailed discussions on a potential deal. The company’s stock fell around 16% over the past month and has a 52-week low of $407.23.
• RSI Value: 29.55
• HUBS Price Action: Shares of HubSpot fell 0.3% to close at $479.82 on Friday.
• Benzinga Pro’s real-time newsfeed alerted to latest HUBS news.

Nutanix Inc NTNX    

• On June 21, Morgan Stanley analyst Meta Marshall maintained Nutanix with an Equal-Weight rating and lowered the price target from $72 to $62. The company’s stock fell around 11% over the past five days. It has a 52-week low of $28.49.
• RSI Value: 29.47
• NTNX Price Action: Shares of Nutanix rose 0.8% to close at $48.30 on Friday.
• Benzinga Pro’s charting tool helped identify the trend in Nutanix stock.

Crowdstrike Holdings Inc CRWD

• On July 19, a widespread CrowdStrike issue resulted in Windows computers crashing worldwide, affecting everyone from airports and airlines to media services, banks, and many other businesses.. The company’s stock dipped around 18% over the past five days and has a 52-week low of $140.52.
• RSI Value: 24.03
• CRWD Price Action: Shares of Crowdstrike fell 11.1% to close at $304.96 on Friday.
• Benzinga Pro’s signals feature notified of a potential breakout in Crowdstrike shares.

Corsair Gaming Inc CRSR

• On July 18, Corsair Gaming reported preliminary results for the second quarter. Corsair announced that it expects to report second-quarter revenue of approximately $261 million versus estimates of $319.977 million, according to Benzinga Pro. The company’s shares lost around 17% over the past five days. The company’s 52-week low is $8.12.
• RSI Value: 24.87
• CRSR Price Action: Shares of Corsair Gaming fell 11.8% to close at $8.57 on Friday.
• Benzinga Pro’s earnings calendar was used to track CRSR upcoming earnings report.

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