Oversold Stocks To Watch: Autoliv Inc (NYSE:ALV), Coach Inc (NYSE:COH), Visteon Corp (NYSE:VC)

The following stocks (NYSE:ALV, NYSE:COH and NYSE:VC) 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’.

Autoliv Inc (NYSE:ALV)(Trend analysis) relative strength index stands at 21.51. Autoliv Inc (NYSE:ALV) stock is currently trading 19.39% below its 52-week-high, 22.27% above its 52-week-low. The 1-year stock price history is in the range of $87.15 – $132.19. Autoliv Inc (ALV) has a price to earnings ratio of 26 versus Consumer Goods sector average of 14.77. Autoliv Inc is currently valued at $9.38 billion. The stock has a 50-day moving average of $121.42 and a 200-day moving average of $115.51.

There are currently twenty-nine analysts that cover Autoliv Inc stock. Of those twenty-nine, eight have a Buy rating, thirteen have a Hold rating and eight have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $114.83.

The stock closed last trading session at $106.56, up by 0.36%.

Coach Inc (NYSE:COH)(Trend analysis) relative strength index is at the level of 28.47. The company’s shares were traded at $33.08, up by 0.55%, with a volume of 5,615,206 shares against an average volume for the last 3 months of 3,803,370. This represents a volume multiple of 1.48.

Coach Inc (COH) current short interest stands at 23.25 million shares. It has increased by 18% from the same period of last month. Around 9% of the company’s shares, which are float, are short sold. With a 10-days average volume of 4.17 million shares, the number of days required to cover the short positions stand at 5.6 days.

A recent stock analyst activity consisted of Sterne Agee reiterating their Neutral stance on June 8. Sterne Agee decreased price target from $35 to $34.

Visteon Corp (NYSE:VC)(Trend analysis) relative strength index is evolving around the 29 level. The stock closed last trading session at $99.84, down by -0.75%, with a volume of 1,113,405 shares compared to an average volume for the last 3 months of 704,217. The year-to-date performance of the stock stands at -10.38%.

Visteon Corp (VC) current short interest stands at 1.81 million shares. It has increased by 33% from the same period of last month. Around 5% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.76 million shares, the number of days required to cover the short positions stand at 2.4 days.

Oversold Stocks To Watch: Autoliv Inc (NYSE:ALV), Coach Inc (NYSE:COH), Visteon Corp (NYSE:VC) was last modified: July 10th, 2015 by Eric Hanson