Grab This Deal Even Lower Than Director Latta Did Wednesday, May 23, 4:10 PM ET, by Market News Video Staff There's an old saying on Wall Street about insider buying: there are many possible reasons ...
Cash Dividend On The Way From GUESS ?, Inc. (GES) Thursday, May 31, 10:00 AM ET, by Market News Video Staff On 6/4/12, GUESS ?, Inc. (GES) will trade ex-dividend, for its quarterly dividend of $0.20, ...
10.1% of PWND Holdings Seeing Recent Insider Buys Friday, June 1, 10:04 AM ET, by Market News Video Staff A look at the weighted underlying holdings of the Global Wind Energy Portfolio (PWND) shows ...
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 Zoltek Companies Inc (NASDAQ:ZOLT) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $8.62 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 29.0. A bullish investor could look at ZOLT's 29.7 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 ZOLT shares:
According to the ETF Finder at ETF Channel, ZOLT makes up 4.18% of the Global Wind Energy Portfolio ETF (PWND) which is trading lower by about 1.4% on the day Wednesday.
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