Top 3 Real Estate Stocks That Could Lead To Your Biggest Gains This Quarter
Author: Avi Kapoor | April 16, 2024 07:46am
The most oversold stocks in the real estate 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.
American Tower Corporation (NYSE:AMT)
- On April 15, Morgan Stanley analyst Simon Flannery maintained American Tower with an Equal-Weight and raised the price target from $183 to $196. The company’s stock fell around 6% over the past five days and has a 52-week low of $154.58 .
- RSI Value: 29.47
- AMT Price Action: Shares of American Tower fell 0.6% to close at $178.12 on Monday.
Zillow Group, Inc. (NASDAQ:ZG)
- On April 12, JMP Securities analyst Nicholas Jones reiterated Zillow with a Market Outperform and maintained a $68 price target.. The company’s stock fell around 9% over the past five days. It has a 52-week low of $33.23.
- RSI Value: 29.74
- ZG Price Action: Shares of Zillow fell 3% to close at $42.41 on Monday.
Opendoor Technologies Inc. (NASDAQ:OPEN)
- On April 12, JMP Securities analyst Nicholas Jones reiterated Opendoor Technologies with a Market Outperform and maintained a $4.5 price target. The company’s stock fell around 19% over the past five days and has a 52-week low of $1.25.
- RSI Value: 29.63
- OPEN Price Action: Shares of Opendoor fell 6.4% to close at $2.19 on Monday.
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Posted In: AMT OPEN ZG
