Top 10th Percentile Ranked Dividend Stock CA is Oversold Friday, October 26, 12:06 PM ET, by Market News Video Staff The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
Reminder - CA Inc (CA) Goes Ex-Dividend Soon Wednesday, November 14, 10:19 AM ET, by Market News Video Staff On 11/16/12, CA Inc (CA) will trade ex-dividend, for its quarterly dividend of $0.25, payable ...
Digital River, Inc. is Now Oversold (DRIV) Friday, November 16, 1:01 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Wednesday, shares of Digital River, Inc. (NASDAQ:DRIV) entered into oversold territory, hitting an RSI reading of 28.4, after changing hands as low as $15.51 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 37.8. A bullish investor could look at DRIV's 28.4 RSI reading today 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. The chart below shows the one year performance of DRIV shares:
DRIV operates in the Application Software sector, among companies like CA Inc (NASDAQ:CA) which is down about 0.6% today and has a current RSI reading of 36.0. Below is a three month price history chart comparing the stock performance of DRIV, versus CA.
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