CMP Breaks Above 3% Yield Territory Wednesday, February 27, 3:54 PM ET, by Market News Video Staff In trading on Wednesday, shares of Compass Minerals International Inc (CMP) were yielding above the ...
NTRS Ex-Dividend Reminder - 3/6/13 Monday, March 4, 11:31 AM ET, by Market News Video Staff On 3/6/13, Northern Trust Corp. (NTRS) will trade ex-dividend, for its quarterly dividend of $0.30, ...
CMP Crosses Above Key Moving Average Level Tuesday, March 5, 1:19 PM ET, by Market News Video Staff In trading on Tuesday, shares of Compass Minerals International Inc (CMP) crossed above their 200 ...
St. Joe Co. Becomes Oversold (JOE) Wednesday, March 6, 1:54 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Ex-Div Reminder for Western Union Co. (WU) Monday, March 11, 11:25 AM ET, by Market News Video Staff On 3/13/13, Western Union Co. (WU) will trade ex-dividend, for its quarterly dividend of $0.125, ...
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 Martin Marietta Materials, Inc. (NYSE:MLM) entered into oversold territory, hitting an RSI reading of 28.7, after changing hands as low as $67.624 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 41.0. A bullish investor could look at MLM's 28.7 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 MLM shares:
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