NUAN Crosses Above Key Moving Average Level Wednesday, April 24, 4:27 PM ET, by Market News Video Staff In trading on Wednesday, shares of Nuance Communications Inc (NUAN) crossed above their 200 day ...
PowerShares QQQ Experiences Big Outflow Thursday, April 25, 11:02 AM ET, by Market News Video Staff Symbols mentioned in this story: QQQ, FB, ADP, YHOO Exchange traded funds (ETFs) trade just ...
Intuit (INTU) Shares Cross Below 200 DMA Thursday, April 25, 11:37 AM ET, by Market News Video Staff In trading on Thursday, shares of Intuit Inc (INTU) crossed below their 200 day moving ...
Oversold Conditions For Intuit Inc (INTU) Thursday, April 25, 11:58 AM 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 Red Hat Inc (NYSE:RHT) entered into oversold territory, hitting an RSI reading of 27.5, after changing hands as low as $39.19 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 49.6. A bullish investor could look at RHT's 27.5 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 RHT shares:
RHT operates in the Application Software sector, among companies like Yahoo! Inc. (NASDAQ:YHOO) which is off about 1.9% today and has a current RSI reading of 43.2. Below is a three month price history chart comparing the stock performance of RHT, versus YHOO.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors —
anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset
allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors,
commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow
the performance trail wherever it leads us.
This Article's Word Cloud:AmericanChannelIndexInvestmentKnowOversoldRelativeSoftwareWednesdayYHOOaboutaboveallowsassetbelowbullishchartclassesconsideredcountriescurrentdesignedfearfulgreedyinvestorlevellookopportunitiesotherothersoversoldperformancepointportfolioreadingsharesharesshortstockstocksthatthroughtodaytradingunchangedweekwhatwhenwhichwith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
Now Playing:
Learn About The RSI
Start slideshow:
TiVo Falls As Settlement Disappoints
Friday Sector Leaders: Trucking, Autos
Friday Sector Laggards: Precious Metals, Metals & Mining Stocks
Analyst Moves: ANF, YUM, BLK
Thursday Sector Leaders: Music & Electronics Stores, Manufacturing Stocks
Friday 6/7 Insider Buying Report: PKY, NYCB