Oversold Stocks To Watch: Nustar Energy L.P. (NYSE:NS), ConocoPhillips (NYSE:COP), Diamondback Energy Inc (NASDAQ:FANG)

The following stocks (NYSE:NS, NYSE:COP and NASDAQ:FANG) 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’.

Nustar Energy L.P. (NYSE:NS)(Trend analysis) relative strength index stands at 25.64. Nustar Energy L.P. (NYSE:NS) stock is currently trading 19.24% below its 52-week-high, 8.03% above its 52-week-low. The 1-year stock price history is in the range of $50.91 – $68.1. Nustar Energy L.P. (NS) has a price to earnings ratio of 17.03 versus Basic Materials sector average of 39.76. Nustar Energy L.P. is currently valued at $4.28 billion. The stock has a 50-day moving average of $60.3 and a 200-day moving average of $61.6.

There are currently thirteen analysts that cover Nustar Energy L.P. stock. Of those thirteen, four have a Buy rating, seven have a Hold rating and two have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $68.33.

The stock closed last trading session at $55, down by -2.5%.

ConocoPhillips (NYSE:COP)(Trend analysis) relative strength index is at the level of 26.02. The company’s shares were traded at $56.57, down by -1.1%, with a volume of 8,086,921 shares against an average volume for the last 3 months of 5,765,390. This represents a volume multiple of 1.4.

ConocoPhillips (COP) current short interest stands at 26.3 million shares. It has increased by 6% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 6.06 million shares, the number of days required to cover the short positions stand at 4.4 days.

A recent stock analyst activity consisted of Edward Jones downgrading their Buy rating to Hold on April 22.

Diamondback Energy Inc (NASDAQ:FANG)(Trend analysis) relative strength index is evolving around the 28 level. The stock closed last trading session at $64.83, down by -2.17%, with a volume of 1,331,628 shares compared to an average volume for the last 3 months of 1,151,420. The year-to-date performance of the stock stands at -16.26%.

Diamondback Energy Inc (FANG) current short interest stands at 4.3 million shares. It has increased by 9% 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 1.19 million shares, the number of days required to cover the short positions stand at 3.7 days.

Oversold Stocks To Watch: Nustar Energy L.P. (NYSE:NS), ConocoPhillips (NYSE:COP), Diamondback Energy Inc (NASDAQ:FANG) was last modified: July 21st, 2015 by Pat Mayfield