Shares RSIs, highs and lows

Chris Beauchamp takes quick look at shares trading at significant levels.

Relative strength index is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset.

An asset is viewed as overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a candidate for a possible pullback. Conversely, if the RSI approaches 30, it is an indication that the asset may be oversold and may become undervalued.

Relative Strength Index (RSI)

Company

Share Price

Oversold

Company

Share Price

Overbought

Serco 339.3 16.66 Salamander Energy 128.25 85.63
Chemring Group 226 24.11 Investec 524 77.54
Devro 211.75 26.07 AstraZeneca 4618 76.74
Fidessa Group 2278 26.66 Imperial Tobacco Group 2572 74.82
Euromoney Institutional Investor 1120 27.56 Centamin 64.6 74.07
SuperGroup 1380 27.83 BG Group 1201 73.80
Premier Foods 55.25 28.32 Weir Group/The 2657 72.73

 

We can also see which shares are close to recent 52-week highs and lows. One popular strategy is to buy when the shares exceed 52-week highs and sell when they fall below 52-week lows.

Highs/Lows

Company

Share Price

% off 52-week high

Company

Share Price

% off 52-week low

Provident Financial 1991 -0.40% WM Morrison Supermarkets 200.7 2.71%
Bunzl 1683 -0.41% Informa 479.4 2.99%
Royal Dutch Shell 2365 -0.67% Devro 211.75 3.29%
AZ Electronic Materials SA 401 -0.77% International Public Partnerships 128 3.64%
JD Sports Fashion 1810 -0.82% Intertek Group 2912 4.45%
National Grid 842 -0.88% Tesco 292.5 5.03%
Greggs 532 -1.12% Meggitt 468 5.17%

 

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