The following stocks (NASDAQ:CDW, NYSE:RAX and NYSE:TDC) 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’.
CDW Corp (NASDAQ:CDW)(Trend analysis) relative strength index stands at 29.82. CDW Corp (NASDAQ:CDW) stock is currently trading 12.39% below its 52-week-high, 24.86% above its 52-week-low. The 1-year stock price history is in the range of $27.59 – $39.32. CDW Corp (CDW) has a price to earnings ratio of 23.92 versus Technology sector average of 20.58. CDW Corp is currently valued at $5.95 billion. The stock has a 50-day moving average of $36.55 and a 200-day moving average of $36.67.
There are currently twelve analysts that cover CDW Corp stock. Of those twelve, nine have a Buy rating, three have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $40.82.
The stock closed last trading session at $34.45, down by -0.58%.
Rackspace Hosting Inc (NYSE:RAX)(Trend analysis) relative strength index is at the level of 26.39. The company’s shares were traded at $37.29, down by -0.45%, with a volume of 782,583 shares against an average volume for the last 3 months of 1,981,370. This represents a volume multiple of 0.39.
Rackspace Hosting Inc (RAX) current short interest stands at 10.04 million shares. It has increased by 80% 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 1.14 million shares, the number of days required to cover the short positions stand at 8.8 days.
A recent stock analyst activity consisted of Morgan Stanley upgrading their Overweight rating on RAX stock to Equal-weight on May 12. Morgan Stanley decreased price target from $55 to $49.
Teradata Corp (NYSE:TDC)(Trend analysis) relative strength index is evolving around the 25 level. The stock closed last trading session at $36.02, down by -0.5%, with a volume of 1,147,093 shares compared to an average volume for the last 3 months of 1,666,010. The year-to-date performance of the stock stands at -20.34%.
Teradata Corp (TDC) current short interest stands at 21.16 million shares. It has increased by 8% from the same period of last month. Around 16% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.04 million shares, the number of days required to cover the short positions stand at 10.4 days.