Oversold Stocks To Watch: Assured Guaranty Ltd (NYSE:AGO), NorthStar Asset Management Group Inc (NYSE:NSAM), OUTFRONT Media Inc. (NYSE:OUT)

The following stocks (NYSE:AGO, NYSE:NSAM and NYSE:OUT) 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’.

Assured Guaranty Ltd (NYSE:AGO)(Trend analysis) relative strength index stands at 26.17. Assured Guaranty Ltd (NYSE:AGO) stock is currently trading 19.56% below its 52-week-high, 19.53% above its 52-week-low. The 1-year stock price history is in the range of $20.02 – $29.75. Assured Guaranty Ltd (AGO) has a price to earnings ratio of 3.21 versus Financial sector average of 17.87. Assured Guaranty Ltd is currently valued at $3.61 billion. The stock has a 50-day moving average of $28.21 and a 200-day moving average of $26.73.

There are currently six analysts that cover Assured Guaranty Ltd stock. Of those six, five have a Buy rating, one has a Hold rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $34.8.

The stock closed last trading session at $23.93, down by -1.07%.

NorthStar Asset Management Group Inc (NYSE:NSAM)(Trend analysis) relative strength index is at the level of 19.75. The company’s shares were traded at $18, down by -2.12%, with a volume of 3,556,450 shares against an average volume for the last 3 months of 2,401,690. This represents a volume multiple of 1.48.

NorthStar Asset Management Group Inc (NSAM) current short interest stands at 2.65 million shares. It has increased by 18% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.88 million shares, the number of days required to cover the short positions stand at 1 day.

A recent stock analyst activity consisted of Keefe Bruyette & Woods reiterating their Outperform stance on March 5. Keefe Bruyette & Woods increased their price target on NSAM from $24 to $27.

OUTFRONT Media Inc. (NYSE:OUT)(Trend analysis) relative strength index is evolving around the 22 level. The stock closed last trading session at $24.6, down by -1.2%, with a volume of 1,959,581 shares compared to an average volume for the last 3 months of 648,584. The year-to-date performance of the stock stands at -17.8%.

OUTFRONT Media Inc. (OUT) current short interest stands at 1.94 million shares. It has increased by 29% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.86 million shares, the number of days required to cover the short positions stand at 2.3 days.

Oversold Stocks To Watch: Assured Guaranty Ltd (NYSE:AGO), NorthStar Asset Management Group Inc (NYSE:NSAM), OUTFRONT Media Inc. (NYSE:OUT) was last modified: July 7th, 2015 by Eric Hanson