For any trader, regardless of their level of investment knowledge, the Relative Strength Index (RSI) is a valuable concept to understand and put to use. The RSI is a reliable predictor of where price is likely to go in the future. Trend changes can be forecast. The RSI ranges between zero and 100. When it is at 70 or higher, the stock is said to be overbought. When RSI value dips below 30, the stock is said to be in oversold condition. Here is a spotlight on three stocks with buy signals that are in oversold territory: Examworks Group, Inc. (NYSE:EXAM), Lifelock Inc (NYSE:LOCK), and Silver Wheaton Corp. (USA) (NYSE:SLW).
For Examworks Group, Inc. (NYSE:EXAM), the Relative Strength Index is at 19.77. At the time of its last close, it was down -7.4% in one month. That stock’s return was down over a three-month period by -20.01%. For share price, its low is 8.59% over the last 52 weeks, while its high is -23.82%. The current price per share is at -14.95%, which is lower than its average price over a span of 50 days. As compared with the SMA 20, it is -12.3%.
The RSI value for Lifelock Inc (NYSE:LOCK) is 17.74. For investors, the one-month return is -45.63%, and its three-month return is -47.34%. Looking over the span of 52 weeks, the low is 15.58%, which was down from its high over that same period by -53.52%. Over a 50-day period of time, the stock is -44.07% below its average and, when looked at in comparison with the SMA 20, the stock is -44.39%.
Silver Wheaton Corp. (USA) (NYSE:SLW) is at an RSI of 17. For investors, the last three months brought a return of -29.39%, while the last month alone brought a return of -10.56%. For the last 52 weeks, the recent closing price had the stock up from its low by 3.12% and down from its 52-week high with -52.52%. At present time, it is -27.77% below its average price measured over the last 50 days; it is -12.3% compared with the SMA 20.
