These Stocks are in Oversold Territory: Emerson Electric Co. (NYSE:EMR), Unit Corporation (NYSE:UNT), Royal Gold, Inc (USA) (NASDAQ:RGLD)

To figure out what stocks are in oversold territory, it is necessary to measure the Relative Strength Index or RSI. The measurement was created by Welles Wilder, Jr. This oscillator is regularly used within the investment community as watch signals for stocks; it can tell an investor when things are normal or when changes are about to come for the stocks.

The RSI movies up or down depending on the stock price between zero and 100. When the RSI is over 70, it is said to be overbought; when it is under 30, it is thought to be oversold. Three oversold stocks at the moment are Emerson Electric Co. (NYSE:EMR), Unit Corporation (NYSE:UNT), and Royal Gold, Inc (USA) (NASDAQ:RGLD).

The RSI for Emerson Electric Co. (NYSE:EMR) is at 16.35. It has a -3.22% return over the last month, and its return over the last three months is -11.16%. The closing price over its last 52 weeks dipped to its lowest at 0.37%, with its high over the last 52 weeks being -21.39%. In terms of its average price over the last 50 days, it is currently at -10.44% below that number and is -5.51% compared with the SMA 20.

Also oversold at the current time (as per the RSI) is Unit Corporation (NYSE:UNT). Its RSI is 19.7. As of recent close, the stock is down -9.44% in one month. It has a -24.97% return as measured over the last three months. In terms of the last 52 weeks, the low was at -0.32% and its high was recorded at -68.39%. At the present time, the share price is at -26.17% lower than the average 50-day share price and when compared with the SMA 20 it is -14.63%.

Royal Gold, Inc (USA) (NASDAQ:RGLD) has an RSI of 17.46. Its full return over one month is -13.91%, with its return over the last three months at -18.49%. At the time of its most recent close, the stock was up from its 52-week low with 0.35%, although this percentage was still less than its high over those same 52 weeks with -37.59%. It is below the average-price of 50 days by -18.8%. Also, it is -15.39% compared with the SMA 20.

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