Oxford Resource Partners Stock Getting Very Oversold

In trading on Wednesday, shares of Oxford Resource Partners LP (OXF) entered into oversold territory, changing hands as low as $1.85 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of Oxford Resource Partners LP, the RSI reading has hit 27.5 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 45.4, the RSI of Spot Gold is at 44.5, and the RSI of Spot Silver is presently 44.9.

START SLIDESHOW:
Click here to find out what 9 other oversold metals stocks you need to know about »

A bullish investor could look at OXF's 27.5 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

Looking at a chart of one year performance (below), OXF's low point in its 52 week range is $1.85 per share, with $11.75 as the 52 week high point — that compares with a last trade of $1.85. Oxford Resource Partners LP shares are currently trading off about 4.1% on the day.

Oxford Resource Partners LP 1 Year Performance Chart

null

More from Stocks

Global Stocks Slip as 3% 10-Year Yields, Bad Tech News Unsettle Markets

Global Stocks Slip as 3% 10-Year Yields, Bad Tech News Unsettle Markets

Alphabet Earnings, Bond Yields Rise, Akorn Plunges - 5 Things You Must Know

Alphabet Earnings, Bond Yields Rise, Akorn Plunges - 5 Things You Must Know

Street Stats: The Mid-Term Elections May Be a Rollercoaster Ride for Investors

Street Stats: The Mid-Term Elections May Be a Rollercoaster Ride for Investors

3 Things Investors Must Know for Monday

3 Things Investors Must Know for Monday

What You Need to Know About Facebook and Europe's New Privacy Rules

What You Need to Know About Facebook and Europe's New Privacy Rules