CZA Crosses Critical Technical Indicator Thursday, November 15, 4:02 PM ET, by Market News Video Staff In trading on Thursday, shares of the Guggenheim Mid-Cap Core ETF (CZA) entered into oversold ...
DOV Ex-Dividend Reminder - 11/28/12 Monday, November 26, 11:45 AM ET, by Market News Video Staff On 11/28/12, Dover Corp (DOV) will trade ex-dividend, for its quarterly dividend of $0.35, payable ...
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 Monday, shares of Energy Transfer Equity L P (NYSE:ETE) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $38.41 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 45.5. A bullish investor could look at ETE's 29.9 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 ETE shares:
According to the ETF Finder at ETF Channel, ETE makes up 1.63% of the Guggenheim Mid-Cap Core ETF (AMEX:CZA) which is trading higher by about 0.2% on the day Monday.
This Article's Word Cloud:AMEXAccordingETFsEquityLegendaryManageMondayPortfolioRelativeRiskShouldWarrenaboutanalysisbelowchartcomparisoncouldfearfulgivengreedyhandsheavyinvestorlookmeasuresmomentumneedopportunitiesotherothersoversoldpointrangereadingrecentscalesharesharesstockstocksthattradingweekwhatwhenwhichwithyearzero
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.
Now Playing:
Learn About The RSI
Start slideshow:
TiVo Falls As Settlement Disappoints
Friday Sector Leaders: Trucking, Autos
Friday Sector Laggards: Precious Metals, Metals & Mining Stocks
Analyst Moves: ANF, YUM, BLK
Thursday Sector Leaders: Music & Electronics Stores, Manufacturing Stocks
Friday 6/7 Insider Buying Report: PKY, NYCB