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.

Cirrus Logic Inc (NASDAQ:CRUS)

  • On Oct. 6, Cirrus Logic announced the acquisition of INVENTVM. “Our current pipeline of opportunities is the strongest we’ve ever had, and this acquisition directly adds innovative IP, expands our engineering capacity, increases our talent depth, and supports our efforts to grow in new applications and markets,” said John Forsyth, Cirrus Logic president and chief executive officer. The company’s stock fell around 8% over the past five days and has a 52-week low of $106.26.
  • RSI Value: 29.3
  • CRUS Price Action: Shares of Cirrus Logic fell 5.2% to close at $112.68 on Wednesday.
  • Edge Stock Ratings: 9.91 Momentum score with Value at 73.75.

Itron Inc (NASDAQ:ITRI)

  • Itron said it will announce third quarter results on Oct. 27. The company’s stock fell around 11% over the past month and has a 52-week low of $77.77.
  • RSI Value: 27.4
  • ITRI Price Action: Shares of Itron fell 3.2% to close at $85.58 on Wednesday.
  • Benzinga Pro’s charting tool helped identify the trend in ITRI stock.

Fair Isaac Corp (NYSE:FICO)

  • On Oct. 2, Barclays analyst Manav Patnaik maintained Fair Isaac with an Overweight rating and lowered the price target from $935 to $875. The company’s stock fell around 27% over the past month and has a 52-week low of $586.05.
  • RSI Value: 29.8
  • FICO Price Action: Shares of Fair Isaac fell 2% to close at $681.77 on Wednesday.
  • Benzinga Pro’s signals feature notified of a potential breakout in FICO 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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