Ex-Div Reminder for Atlantic Tele-Network, Inc. (ATNI) Friday, June 24, 12:28 PM ET, by Market News Video Staff On 6/28/11, Atlantic Tele-Network, Inc. (ATNI) will trade ex-dividend, for its quarterly dividend of $0.22, ...
Notable ETF Inflow Detected - IDX, TLK Monday, July 11, 11:19 AM ET, by Market News Video Staff Symbols mentioned in this story: IDX, TLK Exchange traded funds (ETFs) trade just like stocks, ...
IDX, TLK: Large Inflows Detected at ETF Wednesday, July 27, 11:01 AM ET, by Market News Video Staff Symbols mentioned in this story: IDX, TLK Exchange traded funds (ETFs) trade just like stocks, ...
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 Friday, shares of P.T. Telekomunikasi Indonesia (NYSE:TLK) entered into oversold territory, hitting an RSI reading of 27.6, after changing hands as low as $30.67 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 40.5. A bullish investor could look at TLK's 27.6 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 TLK shares:
According to the ETF Finder at ETF Channel, TLK makes up 7.01% of the Indonesia Index ETF (AMEX:IDX) which is trading lower by about 5.3% on the day Friday.
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