Kindred Healthcare, Inc. (NYSE:KND) at Oversold Level Based on Its RSI

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Kindred Healthcare, Inc. (NYSE:KND) is at an oversold level with a 14-day RSI of 17.98.

The Relative Strength Index (RSI) is one of the most popular technical indicators used to ascertain strengthening and weakening momentum in stock movements. RSI levels 70 and above are considered overbought while an RSI of under 30 is considered oversold. Oversold is a technical condition that occurs when price momentum is considered too low and the stock may be ready to turn upword.

Volatility

Kindred Healthcare, Inc.’s beta is at 1.25 indicating it is higher in volatility than the market as a whole that has a beta of 1. Stocks with a beta lower than the market are considered to be less risky while those with a higher beta are more risky than the market over the long haul.

The stock’s Average True Range (ATR) is 0.36. The ATR is an indicator of volatility. It doesn’t indicate the likely direction of the stock price, just the likelihood that the stock will move.

Company shares are trading at $5.88 a great deal lower than $7.62, the stock’s 50 day moving average and which is quite a bit below the 200 day moving average of $9.24. The 50 day moving average went down $-1.75 or -22.915% whereas the 200 day average was down by -36.447%.

Short Interest

Traders are a little more bearish on shares of Kindred Healthcare, Inc. of late as indicated by the increase in short interest. The company had a rise in short interest from August 15, 2017 to August 31, 2017 of 7.84%. Short interest grew 506,686 over that timeframe. The days to cover decreased to 5.0 and the short interest percentage is 0.08% as of August 31.

Recent Analyst Ratings

August 7 investment analysts at Deutsche Bank kept the company rating at “Buy” but lowered the price expectation to $10.00 from $30.00. As of the last earnings report the EPS was $-12.81 and is projected to be $0.42 for the current year with 87,019,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.21 and the next full year EPS is projected to be $0.72.

Company Information

Kindred Healthcare, Inc., launched on March 27, 1998, is a healthcare services company. The Company, through its subsidiaries, operates transitional care (TC) hospitals, a home health, hospice and community care business, inpatient rehabilitation hospitals (IRFs), a contract rehabilitation services business, nursing centers and assisted living facilities across the United States. The Company operates through four divisions: the Kindred at Home division, the hospital division, the Kindred Rehabilitation Services division and the nursing center division. These divisions represent six segments: home health services, hospice services, hospitals, Kindred Hospital Rehabilitation Services, RehabCare and nursing centers. The home health services and hospice services operating segments are contained within the Kindred at Home division while the Kindred Hospital Rehabilitation Services and RehabCare operating segments are both contained within the Kindred Rehabilitation Services division..