Top 3 Financial Stocks That Could Blast Off This Month

The most oversold stocks in the financial 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.

Payoneer Global Inc PAYO

• On Feb. 27, Payoneer Global reported worse-than-expected fourth-quarter EPS results. The company’s stock fell around 29% over the past month and has a 52-week low of $4.22.
• RSI Value: 28.9
• PAYO Price Action: Shares of Payoneer Global gained 0.3% to close at $7.06 on Tuesday.
• Benzinga Pro’s real-time newsfeed alerted to latest PAYO news.

KKR & Co Inc KKR       

• On March 5, the company disclosed definitive agreements to sell the Japanese supermarket chain Seiyu to Trial Holdings, Inc. for 380 billion yen ($2.5 billion). The company’s stock fell around 21% over the past month and has a 52-week low of $91.92.
• RSI Value: 27.8
• KKR Price Action: Shares of KKR rose 3.6% to close at $112.11 on Tuesday.
• Benzinga Pro’s charting tool helped identify the trend in KKR stock.

Piper Sandler Companies PIPR

• On March 11, Piper Sandler expanded its research distribution with new office opening in Zurich. The company’s stock fell around 18% over the past month and has a 52-week low of $183.58.
• RSI Value: 29.6
• PIPR Price Action: Shares of Piper Sandler gained 3.1% to close at $250.49 on Tuesday.
• Benzinga Pro’s signals feature notified of a potential breakout in PIPR shares.

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