The following stocks (NYSE:WU, NYSE:LM and NYSE:TD) 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’.
Western Union Co (NYSE:WU)(Trend analysis) relative strength index stands at 28.68. Western Union Co (NYSE:WU) stock is currently trading 16.07% below its 52-week-high, 25.13% above its 52-week-low. The 1-year stock price history is in the range of $15.32 – $22.84. Western Union Co (WU) has a price to earnings ratio of 11.9 versus Financial sector average of 17.95. Western Union Co is currently valued at $9.9 billion. The stock has a 50-day moving average of $20.95 and a 200-day moving average of $19.87.
There are currently twenty-eight analysts that cover Western Union Co stock. Of those twenty-eight, eight have a Buy rating, twelve 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 $20.18.
The stock closed last trading session at $19.17, up by 0.42%.
Legg Mason Inc (NYSE:LM)(Trend analysis) relative strength index is at the level of 29.35. The company’s shares were traded at $49.19, down by -0.34%, with a volume of 1,389,647 shares against an average volume for the last 3 months of 1,072,500. This represents a volume multiple of 1.3.
Legg Mason Inc (LM) current short interest stands at 6.17 million shares. It has increased 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 1.51 million shares, the number of days required to cover the short positions stand at 4.1 days.
A recent stock analyst activity consisted of Barclays reiterating their Equal-weight stance on July 10. Barclays decreased price target from $60 to $55.
The Toronto Dominion Bank (NYSE:TD)(Trend analysis) relative strength index is evolving around the 30 level. The stock closed last trading session at $40.92, down by -0.56%, with a volume of 2,166,388 shares compared to an average volume for the last 3 months of 1,299,360. The year-to-date performance of the stock stands at -7.22%.
The Toronto Dominion Bank (TD) current short interest stands at 5.52 million shares. It has decreased by 5% 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 1.55 million shares, the number of days required to cover the short positions stand at 3.6 days.