Traders are watching ServiceSource International, Inc. (NASDAQ:SREV) intently as the stock has moved into “oversold” range with an RSI of 14.24. The stock reached $2.76 on a recent check.
When looking at companies that are considered to be oversold, it is important to consider the moving averages of the security. We see here that the stock is -18.85% away from the 20-Day Simple Moving Average. Their 50-Day Simple Moving Average is a difference of -20.50% from current levels. Further back, their 200-Day Simple Moving Average is -26.53% difference from today’s price. Currently, the stock is -27.18% from its 50-Day High and 3.37% from the 50-day low.
Based on the stock’s volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 6.66% and month of 3.84%. So are analysts giving the Buy signal at this juncture? Sell-side firms currently have a consensus recommendation of 2.50 on the shares. This is based on a 1 to 5 formula where 1 indicates a Strong Buy and 5 a Strong Sell.
Analysts are projecting the stock to trade at 4.50 within the next 12-18 months.