Bullish Two Hundred Day Moving Average Cross - ATVI Wednesday, April 20, 1:30 PM ET, by Market News Video Staff In trading on Wednesday, shares of Activision Blizzard, Inc. (ATVI) crossed above their 200 day ...
EFUT Makes Bullish Cross Above Critical Moving Average Wednesday, April 20, 2:30 PM ET, by Market News Video Staff In trading on Wednesday, shares of e-Future Information Technology Inc (EFUT) crossed above their 200 ...
EVOL Crosses Above Key Moving Average Level Thursday, April 21, 1:02 PM ET, by Market News Video Staff In trading on Thursday, shares of Evolving Systems, Inc. (EVOL) crossed above their 200 day ...
Bullish Two Hundred Day Moving Average Cross - LOCM Thursday, April 21, 1:27 PM ET, by Market News Video Staff In trading on Thursday, shares of Local.com Corp (LOCM) crossed above their 200 day moving ...
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 Internet Initiative Japan Inc (NASDAQ:IIJI) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $7.64 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 70.0. A bullish investor could look at IIJI's 29.5 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 IIJI shares:
IIJI operates in the Application Software sector, among companies like Activision Blizzard, Inc. (NASDAQ:ATVI) which is up about 0.1% today and has a current RSI reading of 65.8. Below is a three month price history chart comparing the stock performance of IIJI, versus ATVI.
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