With the technology and growth sectors of the stock market getting slammed in 2022, I’m beginning to see numerous opportunities to pick up severely beaten-down growth stocks. While the selling of technology stocks might not be over yet, contrarian traders should take a look at some of the battered stocks.
Take the case of mid-cap JFrog Ltd (NASDAQ:FROG), which is 66% below its 52-week high of $50.31 and 82% below its record high of $95.20, which was set in October 2020.
The initial surge by JFrog stock was clearly excessive, but with the recent selling, I’m seeing a decent risk-reward entry point.
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