Oversold Stocks To Watch: Lowe’s Cos Inc (NYSE:LOW), Liberty Media Corp (NASDAQ:LMCA), Guangshen Railway Co Ltd (ADR) (NYSE:GSH)

The following stocks (NYSE:LOW, NASDAQ:LMCA and NYSE:GSH) 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’.

Lowe’s Cos Inc (NYSE:LOW)(Trend analysis) relative strength index stands at 29.74. Lowe’s Cos Inc (NYSE:LOW) stock is currently trading 13.11% below its 52-week-high, 42.53% above its 52-week-low. The 1-year stock price history is in the range of $46.48 – $76.25. Lowe’s Cos Inc (LOW) has a price to earnings ratio of 23.64 versus Services sector average of 19.84. Lowe’s Cos Inc is currently valued at $62.74 billion. The stock has a 50-day moving average of $69.69 and a 200-day moving average of $71.05.

There are currently twenty-seven analysts that cover Lowe’s Cos Inc stock. Of those twenty-seven, seventeen have a Buy rating, ten have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $79.09.

The stock closed last trading session at $66.25, down by -0.67%.

Liberty Media Corp (NASDAQ:LMCA)(Trend analysis) relative strength index is at the level of 27.13. The company’s shares were traded at $35.785, down by -1.2%, with a volume of 1,024,630 shares against an average volume for the last 3 months of 758,164. This represents a volume multiple of 1.35.

Liberty Media Corp (LMCA) current short interest stands at 1.02 million shares. It has decreased by 87% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.96 million shares, the number of days required to cover the short positions stand at 1.1 days.

A recent stock analyst activity consisted of Buckingham Research upgrading their Neutral rating to Buy on March 31.

Guangshen Railway Co Ltd (ADR) (NYSE:GSH)(Trend analysis) relative strength index is evolving around the 24 level. The stock closed last trading session at $23.11, down by -11.01%, with a volume of 58,387 shares compared to an average volume for the last 3 months of 28,443. The year-to-date performance of the stock stands at 2.69%.

Guangshen Railway Co Ltd (ADR) (GSH) current short interest stands at 0.63 million shares. It has decreased by 21% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.02 million shares, the number of days required to cover the short positions stand at 28.8 days.

Oversold Stocks To Watch: Lowe’s Cos Inc (NYSE:LOW), Liberty Media Corp (NASDAQ:LMCA), Guangshen Railway Co Ltd (ADR) (NYSE:GSH) was last modified: July 7th, 2015 by Jason Ford