NPS Pharmaceuticals Inc. Becomes Oversold (NPSP) Friday, February 22, 1:27 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Emergent BioSolutions Inc Getting Very Oversold (EBS) Tuesday, February 26, 12:07 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
OPTR Makes Bullish Cross Above Critical Moving Average Wednesday, February 27, 11:28 AM ET, by Market News Video Staff In trading on Wednesday, shares of Optimer Pharmaceuticals Inc (OPTR) crossed above their 200 day ...
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 Bruker Corp (NASDAQ:BRKR) entered into oversold territory, hitting an RSI reading of 28.9, after changing hands as low as $14.10 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 42.9. A bullish investor could look at BRKR's 28.9 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 BRKR shares:
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