LSTR Ex-Dividend Reminder - 5/3/11 Monday, May 2, 10:12 AM ET, by Market News Video Staff On 5/3/11, Landstar System, Inc. (LSTR) will trade ex-dividend, for its quarterly dividend of $0.05, ...
Bullish Two Hundred Day Moving Average Cross - BRS Wednesday, November 30, 11:41 AM ET, by Market News Video Staff In trading on Wednesday, shares of Bristow Group Inc (BRS) crossed above their 200 day ...
RSI Alert For Zipcar, Inc. (ZIP) Thursday, December 1, 1:42 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
RRTS Makes Bullish Cross Above Critical Moving Average Monday, December 5, 2:28 PM ET, by Market News Video Staff In trading on Monday, shares of Roadrunner Transportation Systems Inc (RRTS) crossed above their 200 ...
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 Thursday, shares of Zipcar, Inc. (ZIP) entered into oversold territory, hitting an RSI reading of 29.2, after changing hands as low as $14.03 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 56.3. A bullish investor could look at ZIP's 29.2 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 ZIP shares:
ZIP operates in the Air Services Other sector, among companies like Air Lease Corp (NYSE:AL) which is up about 1.6% today and has a current RSI reading of 62.3. Below is a three month price history chart comparing the stock performance of ZIP, versus AL.
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