The most oversold stocks in the consumer discretionary 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.

Under Armour Inc (NYSE:UAA)

• On Aug. 7, Under Armour posted mixed results for the second quarter. “As we navigate a challenging consumer demand environment, we continue to make progress in building a more focused Under Armour, despite updating our full-year revenue outlook,” said Under Armour President and CEO Kevin Plank. The company’s stock fell around 22% over the past five days and has a 52-week low of $4.13.
• RSI Value: 29.5
• UAA Price Action: Shares of Under Armour fell 1.5% to close at $5.26 on Wednesday.
• Edge Stock Ratings: 18.36 Momentum score.

National Vision Holdings Inc (NASDAQ:EYE)  

• On Aug. 12, National Vision Holdings reported mixed second-quarter financial results. “The second quarter was an important step forward for National Vision,” said Alex Wilkes, National Vision’s CEO. “We delivered stronger profitability as higher-value transactions, managed care customers and ticket growth gained momentum.” The company’s stock fell around 15% over the past five days and a 52-week low of $14.76.
• RSI Value: 29.3
• EYE Price Action: Shares of National Vision dipped 11.6% to close at $19.51 on Wednesday.
• Benzinga Pro’s charting tool helped identify the trend in EYE stock.

Rush Street Interactive Inc (NYSE:RSI)

• On July 29, Rush Street Interactive posted in-line earnings for the second quarter. Richard Schwartz, Chief Executive Officer of RSI, said, “We delivered another record quarter, setting all-time highs once again for revenue and Adjusted EBITDA, driven by continued share gains in online casino and our sports betting markets benefiting from the World Cup.” The company’s stock fell around 29% over the past month and has a 52-week low of $15.51.
• RSI Value: 28
• RSI Price Action: Shares of Rush Street Interactive fell 3.5% to close at $24.28 on Wednesday.
• Benzinga Pro’s signals feature notified of a potential breakout in RSI shares.

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