Is the S&P 500 Information Technology sector looking over sold in the short term?

With just 7.14% of stocks in the sector trading above their 5 D MA lines.

The two year chart below tracks this indicator – the magenta line is the low point during this term the indicator can go lower from here, but at least in the last 24 months it hasn’t hung around at those levels.

With that in mind here are some Info tech names with RSI 14 in the low 40s or less, and or names from the sector that have underperformed the wider S&P 500 in the last month.