MNV
Market News Video
MNV MNV 10 Bargains You Can Buy Cheaper Than Insiders Did
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Pick Up This Deal Even Lower Than Executive Chairman Novak Did
Monday, October 12, 10:19 AM ET, by Market News Video Staff

There's an old saying on Wall Street about insider buying: there are many possible reasons ...

Ex-Dividend Reminder: Yum! Brands, Patterson Companies and PerkinElmer
Monday, October 12, 10:23 AM ET, by Market News Video Staff

On 10/14/15, Yum! Brands, Inc. (YUM), Patterson Companies Inc (PDCO), and PerkinElmer, Inc.. ...

Noteworthy Friday Option Activity: SLB, YUM, UAL
Friday, October 16, 2:59 PM ET, by Market News Video Staff

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume ...

Thomson Reuters Moves Up In Market Cap Rank, Passing Yum! Brands
Friday, November 6, 4:37 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Thomson ...

Notable Thursday Option Activity: CAT, FOSL, YUM
Thursday, November 12, 2:54 PM ET, by Market News Video Staff

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume ...

  More articles:  1 2 3 4 5 6 7 next »

Shares of HOGS Now Overbought

By Market News Video Staff, Friday, January 6, 4:38 PM ET
Play Video: Learn About The RSI


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

In trading on Friday, shares of Zhongpin Inc (HOGS) entered into overbought territory, changing hands as high as $10.35 per share. We define overbought territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be overbought if the RSI reading rises above 70. In the case of Zhongpin Inc, the RSI reading has hit 70.1 by comparison, the RSI reading for the S&P 500 ETF (SPY) is presently 62.4.

Investors could look at HOGS's 70.1 reading as a sign that the recent heavy buying is overdue to take a breather, which could bring a pullback in the stock. The chart below shows the one year performance of HOGS shares:

Zhongpin Inc 1 Year Performance Chart

Looking at the chart above, HOGS's low point in its 52 week range is $6.60 per share, with $20.25 as the 52 week high point that compares with a last trade of $10.05.

HOGS operates in the Food & Beverage sector, among companies like Yum! Brands, Inc. (NYSE:YUM) which is up about 0.8% today and has a current RSI reading of 67.5. Below is a three month price history chart comparing the stock performance of HOGS, versus YUM.

HOGS,YUM Relative Performance Chart


Special Offer: Join the value investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation from Forbes


Top Six Most Viewed Stories This Week @ Market News Video:

This Article's Word Cloud:   Brands   Days   Food   HOGS   Investors   Looking   Relative   Seven   Special   Strength   ValueForum   Zhongpin   above   analysis   breather   buying   case   changing   chart   comparison   could   entered   from   heavy   high   history   into   month   overbought   overdue   performance   point   range   reading   sector   share   shares   sign   stock   take   technical   territory   that   trading   used   versus   week   which   with   zero
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Portfolio Channel Stock Market Definitions
MNV

Shares of HOGS Now Overbought | Market News Video | Copyright © 2008 - 2016, All Rights Reserved

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.