Determining stocks that are oversold is important for any trader so they can get the most return on their investments. That is why the RSI or Relative Strength Index is important to consult as it measures current price strength relative to previous prices. Generally, an RSI above 70 is considered to be overbought, while a value under 30 is oversold. The values range between zero and 100 for RSI. Currently in oversold territory are Yamana Gold Inc. (USA) (NYSE:AUY), Central Fund of Canada Limited (USA) (NYSEMKT:CEF), and HORSEHEAD HOLDING CORP. (NASDAQ:ZINC).
Yamana Gold Inc. (USA) (NYSE:AUY) has an RSI of 13.46. Its one-month total return is -14.29%, while its three-month return is at -32.17%. At recent close, it was on the rise from its 52-week low of 2.86%. The stock was down though from its 52-week high with -75.66%. Looking back over the past 50 days, this stock is -33.48% under its average price. It is -22.1% compared with the SMA 20.
The RSI reads at 13.66 for the Central Fund of Canada Limited (USA) (NYSEMKT:CEF). Its return over one month has been -4.87%. Its return over the past three-month period has been -11.12% for investors. At time of last close, the stock price was up from its 52-week low by 0.76%, and it was down from its high over those 52 weeks by -26.52%. It is under its average 50-day price by -10.04%. Compared with the SMA 20, it is -6.91%.
HORSEHEAD HOLDING CORP. (NASDAQ:ZINC) is at an RSI of 19.41, putting it into the area of oversold. As of its last close, the stock was down -13.85%. The return for investors over the past three months has been -35.47%. Share price, as measured by the last 52 weeks, is up from its low with 0.26% and is down from its 52-week high with -62.7%. Price is at -32.51% per share under its average amount for the last 50 days, and it is -23.2% compared with the SMA 20.