News to Know, ETFs To Watch Oct 14, 2010 Thursday, October 14, 7:32 AM ET, by Market News Video Staff - Google (GOOG) to release earnings after the bell. ETF with greatest concentration of GOOG ...
ValueClick Hikes Forecast Thursday, November 4, 12:41 PM ET, by Market News Video Staff Internet advertising company ValueClick (VCLK) hiked its earnings forecast for the fourth quarter to $0.27 ...
GOOG to Hike Pay of Employees Wednesday, November 10, 9:23 AM ET, by Market News Video Staff Google (GOOG) is reportedly sweetening the pay days of its employees. The Wall Street Journal ...
GOOG Hikes Base Pay and Bonuses for Executives Monday, November 15, 9:21 AM ET, by Market News Video Staff Several Google executives will be getting big raises in 2011, according to a regulatory filing ...
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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