PLTK, TTD, APP Report Mixed Q2 Results
PLTK, TTD, and APP report mixed second-quarter financial results with RSI values indicating oversold conditions
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 Pro.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Playtika Holding Corp (NASDAQ: PLTK ) On Aug. 6, Playtika Holding reported mixed second-quarter financial results. “Our second quarter results demonstrate what has always been at the heart of Playtika, we build games that keep players engaged for years, not quarters,” said Robert Antokol, Chief Executive Officer.
50. 67 on Tuesday. Pro’s charting tool helped identify the trend in PLTK stock. Trade Desk Inc (NASDAQ: TTD ) On Aug.
6, Trade Desk reported worse-than-expected second-quarter financial results and issued soft third-quarter revenue guidance. “This quarter did not meet the standard we set for ourselves, but it has reinforced our belief that we are focused on the right opportunities for the future,” said Jeff Green, Co-Founder and CEO of The Trade Desk. 83. 56 on Tuesday.
12. Applovin Corp (NASDAQ: APP ) On Aug. 11, B of A Securities analyst Omar Dessouky downgraded AppLovin from Buy to Neutral and lowered the price target from $430 to $400. 12.
68 on Tuesday. Pro’s signals feature notified of a potential breakout in APP shares. Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and s ee how they compare. Photo via Shutterstock