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Overbought Stocks: OHR Pharmaceutical Inc (OHRP), American Capital Ltd. (ACAS), Universal Display Corporation (OLED)

 

One of the most popular technical analysis indicators, the Relative Strength Index (RSI) is an oscillator that measures current price strength in relation to previous prices. RSI is considered overbought when above 70 and oversold when below 30. These traditional levels can also be adjusted to better fit the security or analytical requirements. Raising overbought to 80 or lowering oversold to 20 will reduce the number of overbought/oversold readings. Short-term traders sometimes use 2-period RSI to look for overbought readings above 80 and oversold readings below 20.

RSI is a versatile momentum oscillator that has stood the test of time. Despite changes in volatility and the markets over the years, RSI remains as relevant now as it was in Wilder’s days.

OHR Pharmaceutical Inc (NASDAQ:OHRP) is at 82.59, representing overbought territory. The stock is up 67.37% in one month through last close, to $4.77, showing a 73.45% return during the past three months. The share price is up from fifty two week low with 136.14% and low from fifty two week high with -61.25%. It stands 52.64 % above the average-price of 50 days and 44.79% compared with the SMA 20.

American Capital Ltd. (NASDAQ:ACAS)’s RSI reading has hit 73.16. The stock is up 22.52% in one month through last close, to $15.22, showing a 11.18% return during the past three months. The share price is up from fifty two week low with 27.68% and low from fifty two week high with -0.91%. It stands 16.34% above the average-price of 50 days and 10.17% compared with the SMA 20.

Universal Display Corporation (NASDAQ:OLED) has a RSI reading of 82.66, with a 1-year total return of 86.33% and a six-month return of -3.28%. The stock is up 54.48% in one month through last close, to $51.95, showing a 37.25% return during the past three months. The share price is up from fifty two week low with 104.61% and low from fifty two week high with -6.95%. It stands 37.56% above the average-price of 50 days and 28.34% compared with the SMA 20.