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Stocks Flashing a Buy Signal: Neothetics Inc (NEOT), Seadrill Partners LLC (SDLP), Teekay Corporation (TK)

Developed J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI is an extremely popular momentum indicator that has been featured in a number of articles, interviews and books over the years. In particular, Constance Brown’s book, Technical Analysis for the Trading Professional, features the concept of bull market and bear market ranges for RSI. Andrew Cardwell, Brown’s RSI mentor, introduced positive and negative reversals for RSI. In addition, Cardwell turned the notion of divergence, literally and figuratively, on its head.

RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30. Signals can also be generated by looking for divergences, failure swings and centerline crossovers. RSI can also be used to identify the general trend.

The RSI of Neothetics Inc (NASDAQ:NEOT) is at 22.57, representing oversold territory. The stock is down -81.49% in one month through last close, to $1.69, showing a -85.86% return during the past three months. The share price is up from fifty two week low with 36.29% and low from fifty two week high with -88.77%. It stands -78.20% below the average-price of 50 days and – 73.38% compared with the SMA 20.

Seadrill Partners LLC (NYSE:SDLP)’s RSI reading has hit 28.06. The stock is down -59.69% in one month through last close, to $3.93, showing a -55.41% return during the past three months. The share price is up from fifty two week low with 34.59% and low from fifty two week high with -73.69%. It stands -54.47 % below the average-price of 50 days and -31.87 % compared with the SMA 20.

Teekay Corporation (NYSE:TK) has a RSI reading of 21.38, with a 1-year total return of -79.80% and a six-month return of -76.19%. The stock is down -62.79% in one month through last close, to $10.21, showing a -67.12% return during the past three months. The share price is up from fifty two week low with 53.53% and low from fifty two week high with -79.83%. It stands –61.63% below the average-price of 50 days and -50.20% compared with the SMA 20.