Oversold Healthcare Stocks To Watch: Brookdale Senior Living Inc (NYSE:BKD), Puma Biotechnology Inc (NYSE:PBYI), Integra LifeSciences Holdings Corp (NASDAQ:IART)

The following stocks (NYSE:BKD, NYSE:PBYI and NASDAQ:IART) are oversold as their Relative Strength index (RSI) is below 30. Indeed, the RSI is one of the most popular technical indicators and is computed on the basis of the speed and direction of a stock’s price movement, generally in a 14-day window. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days. This implies that the RSI can also be used to identify the overbought/oversold levels. Most technical analysts consider the RSI value above 70 as ‘overbought zone’ and below 30 as ‘oversold zone’.

Brookdale Senior Living Inc (NYSE:BKD)(Trend analysis) relative strength index stands at 26.84. Brookdale Senior Living Inc (NYSE:BKD) stock is currently trading 14.67% below its 52-week-high, 13.01% above its 52-week-low. The 1-year stock price history is in the range of $30.12 – $39.89. Brookdale Senior Living Inc (BKD) has a price to book ratio of 2.29 versus Healthcare sector average of 123.65. Brookdale Senior Living Inc is currently valued at $6.27 billion. The stock has a 50-day moving average of $36.63 and a 200-day moving average of $36.63.

There are currently eleven analysts that cover Brookdale Senior Living Inc stock. Of those eleven, nine have a Buy rating, two have a Hold rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $43.11.

The stock closed last trading session at $34.04, down by -1.02%.

Puma Biotechnology Inc (NYSE:PBYI)(Trend analysis) relative strength index is at the level of 28.48. The company’s shares were traded at $112.11, down by -0.13%, with a volume of 672,627 shares against an average volume for the last 3 months of 678,614. This represents a volume multiple of 0.99.

Puma Biotechnology Inc (PBYI) current short interest stands at 5.06 million shares. It has increased by 18% from the same period of last month. Around 23% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.79 million shares, the number of days required to cover the short positions stand at 6.4 days.

A recent stock analyst activity consisted of Cowen & Company upgrading their Outperform rating to Market Perform on May 5.

Integra LifeSciences Holdings Corp (NASDAQ:IART)(Trend analysis) relative strength index is evolving around the 24 level. The stock closed last trading session at $60.53, down by -8.66%, with a volume of 347,972 shares compared to an average volume for the last 3 months of 227,279. The year-to-date performance of the stock stands at -40.77%.

Integra LifeSciences Holdings Corp (IART) current short interest stands at 2.04 million shares. It has decreased by 3% from the same period of last month. Around 8% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.43 million shares, the number of days required to cover the short positions stand at 4.8 days.

Oversold Healthcare Stocks To Watch: Brookdale Senior Living Inc (NYSE:BKD), Puma Biotechnology Inc (NYSE:PBYI), Integra LifeSciences Holdings Corp (NASDAQ:IART) was last modified: July 6th, 2015 by Kelly Rhodes