The buy signal for stocks can be figured out by the Relative Strength Index (RSI). This measurement compares a stock’s recent gains to its recent losses to determine if it is in oversold or overbought territory. Any trader would do well to understand the RSI, which ranges from zero to 100. When the RSI is 70 or higher, it is said to be overbought and many investors would say to pullback. For an RSI under 30, it is an indicator of being oversold and, thus, undervalued. Given the RSI, three stocks with buy signals are Vanguard Natural Resources, LLC (NASDAQ:VNR), Xcerra Corp (NASDAQ:XCRA), and MPLX LP (NYSE:MPLX).
For Vanguard Natural Resources, LLC (NASDAQ:VNR), the RSI is at 19.12. It has a one-month total return of -19.68%. Its three-month investment is at -28.18%. Looking at its ups and downs over the last 52 weeks, as per its recent closing price it was up from the 52-week low by 1.25%, while it was down from the 52-week high by -64.56%. Looking back over the last 50 days, this particular stock is -28.85% under the average price over that time period. It is -24.29% in comparison with the SMA 20.
For anyone interested in Xcerra Corp (NASDAQ:XCRA), the RSI value is 18.34. Its one-month return is at -7%, while the return over the last three months has been at -19.75%. As of its latest close, the price was up from its lowest low in the past 52-week period by -2.45%, while it was down from the high over that same 52 weeks by -41.58%. It is at -13.39% compared with the SMA 20 and is -20.88% under the average 50-day price.
MPLX LP (NYSE:MPLX) stands at an RSI of 19.14. The stock has dropped -10.52% over the past month, as of its last close. It has given a return of -28.77% over the last three months. The share price, if measured across the last 52 weeks, is currently up from its low of 15.9%. But, over that same 52 weeks, it is down from its high with -37.93%. It stands at -25.22% below the average 50-day price and is -20.37% as compared with the SMA 20.
