MNV
Market News Video
MNV MNV 10 Oversold Stocks You Need To Know About
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Oversold Conditions For DigitalGlobe (DGI)
Wednesday, September 14, 4:33 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Oversold Conditions For Spirit AeroSystems Holdings (SPR)
Tuesday, September 20, 1:07 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Analysts Forecast 11% Gains Ahead For The Holdings of ITA
Monday, October 3, 9:36 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

SPR Crosses Above Key Moving Average Level
Monday, October 3, 4:35 PM ET, by Market News Video Staff

In trading on Monday, shares of Spirit AeroSystems Holdings Inc (SPR) crossed above their 200 ...

Friday Sector Laggards: Materials, Industrial
Friday, October 7, 2:32 PM ET, by Market News Video Staff

Looking at the sectors faring worst as of midday Friday, shares of Materials companies are ...

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

Shares of TXT Now Overbought

By Market News Video Staff, Wednesday, January 11, 3:13 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 Wednesday, shares of Textron Inc. (NYSE:TXT) entered into overbought territory, changing hands as high as $22.00 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 Textron Inc., the RSI reading has hit 75.7 by comparison, the RSI reading for the S&P 500 ETF (SPY) is presently 69.2.

Investors could look at TXT's 75.7 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 TXT shares:

Textron Inc. 1 Year Performance Chart

Looking at the chart above, TXT's low point in its 52 week range is $14.66 per share, with $28.87 as the 52 week high point that compares with a last trade of $21.26.

According to the ETF Finder at ETF Channel, TXT makes up 4.55% of the SPDR S&P Aerospace & Defense ETF (AMEX:XAR) which is trading higher by about 3.8% on the day Wednesday.

See what other ETFs contain TXT
See what other stocks are held by XAR

TXT operates in the Aerospace & Defense sector, among companies like CAE Inc. (NYSE:CAE) which is off about 0.4% today and has a current RSI reading of 60.6. Below is a three month price history chart comparing the stock performance of TXT, versus CAE.

TXT,CAE 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:   According   Aerospace   Days   Defense   Finder   Investors   NYSE   Relative   Seven   Special   Textron   Wednesday   about   above   analysis   breather   buying   changing   chart   comparison   could   entered   heavy   held   high   history   makes   month   other   overbought   overdue   performance   point   reading   sector   share   shares   sign   stock   take   technical   territory   that   trading   used   versus   week   what   which   with
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 TXT 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.