New Gold Inc. (NYSEAmerican:NGD) experienced an 8.51% drop in share prices this week, entering oversold territory due to lack of positive developments. It has been on a seven-day decline since hitting $5 on July 7. Zacks Research reported NGD’s relative strength index at 28.3, signaling oversold conditions.

Historical earnings data suggests New Gold Inc. (NYSEAmerican:NGD) will announce its second quarter results this week or by the end of July. Zacks Research suggested that if a stock is undervalued due to selling pressure, investors may find entry opportunities for a rebound. However, other AI stocks may offer higher returns with less risk.

Read more at Yahoo Finance: New Gold (NGD) Drops 8.5%, Enters Oversold Territory; Time to Buy?