The RSI (Relative Strength Index) measures losses recently for stocks, to show that they are overbought or in an oversold condition instead. This measurement is a valuable way to pick stocks. At the point when the RSI reaches 70, it is technically overvalued; it is best to pullback at this point. If, on the other hand, the RSI is 30 or under, it is said to be oversold and, thus, undervalued.
Three stocks currently in the overbought stage are: Valero Energy Corporation (NYSE:VLO), Chubb Corp (NYSE:CB), and Synergy Pharmaceuticals Inc. (NASDAQ:SGYP). The RSI value for Valero Energy Corporation (NYSE:VLO) is currently at 72.69. This stock has risen +10.19% in one month, as per last close, putting it to $64.47. The return over one year is +31.35%, while return over half of that time (six months) is +31.54%. The price per shaire is up from what its 52-week high was recorded to be; it is up with +0.65%. The price per share is up from its 52-week low too, with +54.60%. Relative to the SMA 20, it is 8.58%. Compared to the average 50-day price, it is +9.23%.
In the area of overbought is Chubb Corp (NYSE:CB). Its RSI is 83.73. The return over three months is +19.37%, while it is up +24.23% per stock to $119.99 as of last close. As compared to the average price over 50 days, it is +22.98%, and it is +24.57% relative to the SMA 20. As for price per share, it is up from a 52-week high with +15.28% and is up from the 52-week low with +41.97%.
The present RSI for Synergy Pharmaceuticals Inc. (NASDAQ:SGYP) is 73.83. Its price per share is up from the 52-week low with +271.43% and is low from the high over those 52 weeks with -4.41%. As of last close, its price is up +106.82% in a single month, to $9.10. That figure shows a +98.04% return in a three-month period.