3 Oversold Tech Stocks With Cash-Rich Balance Sheets That Pay (Or Will Soon Pay) Dividends

These three top-tier technology stocks have corrected substantially in the past several trading sessions. All are at levels which should be good entry points for accumulation. All three companies have a forward price to earnings ratio of less than 12. Hewlett Packard (HPQ) and Microsoft (MSFT) both pay dividends now, and Cisco (CSCO) has said it will announce a dividend later this year. These stocks have a Relative Strength Index (RSI) of about 30 which is a level which indicates a stock is oversold. Cisco is a premier networking hardware company that saw its shares fall on earnings results, which some investors found disappointing. The shares currently trade at about $18.64, well below the 50-day moving average of $20.33 and the 200-day moving average of $21.74. The RSI is about 33, which indicates the stock is at/near oversold conditions. You can read more about why I like Cisco shares here.... Read more