Notable ETF Inflow Detected - VXF, LVS, LYB, GM Tuesday, September 4, 12:07 PM ET, by Market News Video Staff Symbols mentioned in this story: VXF, LVS, LYB, GM Exchange traded funds (ETFs) trade just ...
Vanguard Extended Market ETF Experiences Big Outflow Thursday, September 20, 10:57 AM ET, by Market News Video Staff Symbols mentioned in this story: VXF, LVS, LYB, GM Exchange traded funds (ETFs) trade just ...
General Motors Co. (GM) Shares Cross Below 200 DMA Friday, September 28, 11:31 AM ET, by Market News Video Staff In trading on Friday, shares of General Motors Co. (GM) crossed below their 200 day ...
VXF, LVS, LYB, GM: ETF Outflow Alert Monday, October 1, 12:01 PM ET, by Market News Video Staff Symbols mentioned in this story: VXF, LVS, LYB, GM Exchange traded funds (ETFs) trade just ...
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 Tuesday, shares of General Motors Co. (NYSE:GM) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $21.36 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 30.8. A bullish investor could look at GM's 29.3 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 GM shares:
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