Upcoming Ex-Dividend Date of 7/26/11 for Adtran, Inc. Friday, July 22, 10:32 AM ET, by Market News Video Staff On 7/26/11, Adtran, Inc. (ADTN) will trade ex-dividend, for its quarterly dividend of $0.09, payable ...
JCS Ex-Dividend Reminder - 9/14/11 Monday, September 12, 10:53 AM ET, by Market News Video Staff On 9/14/11, Communications Systems, Inc. (JCS) will trade ex-dividend, for its quarterly dividend of $0.15, ...
Cascade Corp. (CASC) Will Trade Ex-Div on 9/23/11 Wednesday, September 21, 10:13 AM ET, by Market News Video Staff On 9/23/11, Cascade Corp. (CASC) will trade ex-dividend, for its quarterly dividend of $0.25, payable ...
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 Ceragon Networks Ltd (NASDAQ:CRNT) entered into oversold territory, hitting an RSI reading of 27.8, after changing hands as low as $7.40 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 37.8. A bullish investor could look at CRNT's 27.8 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 CRNT shares:
CRNT operates in the Manufacturing sector, among companies like KiOR, Inc. (NASDAQ:KIOR) which is up about 1.1% today and has a current RSI reading of 49.5. Below is a three month price history chart comparing the stock performance of CRNT, versus KIOR.
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