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Stocks Crossing Into Oversold Territory: GoPro Inc (NASDAQ:GPRO), Synta Pharmaceuticals Corp. (NASDAQ:SNTA), Rubicon Minerals (NYSEMKT:RBY)

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.

Rubicon Minerals Corp. (USA) (NYSEMKT:RBY) is now in oversold territory with an RSI value of 22.28. The stock is down -72.96% in one month through last close, to $ 0.13, showing a -81.03% return during the past three months. The share price is up from fifty two week low with 5.92% and low from fifty two week high with -90.59%. It stands – 72.70% below the average-price of 50 days and -44.67% compared with the SMA 20.

Synta Pharmaceuticals Corp. (NASDAQ:SNTA) has a RSI reading of 23.93, with a 1-year total return of -85.98% and a six-month return of -79.77%. The stock is down -33.50% in one month through last close, to $0.44, showing a -76.40% return during the past three months. The share price is up from fifty two week low with 7.72% and low from fifty two week high with -86.58%. It stands –65.64% below the average-price of 50 days and -20.42% compared with the SMA 20.

GoPro Inc (NASDAQ:GPRO) currently has an RSI of 29.01. The stock is down -32.89% in one month through last close, to $19.32, showing a -58.25% return during the past three months. The share price is up from fifty two week low with 2.77% and low from fifty two week high with -76.03%. It stands -30.88% below the average-price of 50 days and -18.99% compared with the SMA 20.