Oversold Stocks To Watch: Schlumberger Ltd (NYSE:SLB), Kinder Morgan Inc (NYSE:KMI), Vale SA (ADR) (NYSE:VALE)

The following stocks (NYSE:SLB, NYSE:KMI and NYSE:VALE) 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’.

Schlumberger Ltd (NYSE:SLB)(Trend analysis) relative strength index stands at 29. Schlumberger Ltd (NYSE:SLB) stock is currently trading 28.58% below its 52-week-high, 11.12% above its 52-week-low. The 1-year stock price history is in the range of $75.6 – $117.63. Schlumberger Ltd (SLB) has a price to earnings ratio of 22.68 versus Basic Materials sector average of 38.56. Schlumberger Ltd is currently valued at $106.67 billion. The stock has a 50-day moving average of $89.46 and a 200-day moving average of $86.62.

There are currently forty-two analysts that cover Schlumberger Ltd stock. Of those forty-two, twenty-eight have a Buy rating, thirteen have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $101.41.

The stock closed last trading session at $84.01, down by -0.34%.

Kinder Morgan Inc (NYSE:KMI)(Trend analysis) relative strength index is at the level of 24.75. The company’s shares were traded at $38.03, up by 0.13%, with a volume of 8,738,957 shares against an average volume for the last 3 months of 10,097,200. This represents a volume multiple of 0.87.

Kinder Morgan Inc (KMI) current short interest stands at 71.2 million shares. It has decreased by 3% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 13.51 million shares, the number of days required to cover the short positions stand at 5.3 days.

A recent stock analyst activity consisted of SunTrust Robinson Humphrey who initiated their coverage on the stock with Buy rating on June 16. SunTrust Robinson Humphrey fixed their price target at $48.

Vale SA (ADR) (NYSE:VALE)(Trend analysis) relative strength index is evolving around the 29 level. The stock closed last trading session at $5.85, up by 1.56%, with a volume of 25,475,097 shares compared to an average volume for the last 3 months of 32,837,800. The year-to-date performance of the stock stands at -8.13%.

Vale SA (ADR) (VALE) current short interest stands at 195.2 million shares. It has decreased by 7% from the same period of last month. Around 7% of the company’s shares, which are float, are short sold. With a 10-days average volume of 23.53 million shares, the number of days required to cover the short positions stand at 8.3 days.

Oversold Stocks To Watch: Schlumberger Ltd (NYSE:SLB), Kinder Morgan Inc (NYSE:KMI), Vale SA (ADR) (NYSE:VALE) was last modified: July 5th, 2015 by Donna Crepeau