The most oversold stocks in the health care 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.

iRhythm Holdings, Inc (NASDAQ:IRTC)

  • iRhythm disclosed a cybersecurity incident involving unauthorized access to data stored on certain third-party-hosted business applications, after a threat actor claimed to have obtained sensitive company and patient information and demanded payment to prevent its public release. The company's stock fell around 11% over the past five days and has a 52-week low of $101.10.
  • RSI Value: 29.1
  • IRTC Price Action: Shares of iRhythm Holdings fell 6.5% to close at $101.79 on Wednesday.
  • Edge Stock Ratings: 5.96 Momentum score.

Procept Biorobotics Corp (NASDAQ:PRCT)      

  • On June 11, Leerink Partners downgraded the stock from Outperform to Market Perform rating and lowered its price target from $31 to $29. The company's stock fell around 25% over the past five days and has a 52-week low of $19.35.
  • RSI Value: 28.9
  • PRCT Price Action: Shares of Procept Biorobotics fell 5.4% to close at $20.91 on Wednesday.
  • Benzinga Pro’s charting tool helped identify the trend in PRCT stock.

Anbio Biotechnology (NASDAQ:NNNN)

  • The company's stock fell around 44% over the past month and has a 52-week low of $8.94.
  • RSI Value: 29.1
  • NNNN Price Action: Shares of Anbio Biotechnology fell 1.7% to close at $15.86 on Wednesday.
  • Benzinga Pro’s signals feature notified of a potential breakout in NNNN 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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