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Notable ETF Inflow Detected - SPHB, MS, ETFC, LNC
Monday, February 4, 12:53 PM ET, by Market News Video Staff

Symbols mentioned in this story: SPHB, MS, ETFC, LNC Exchange traded funds (ETFs) trade just ...

Cash Dividend On The Way From Harman International Industries, Inc. (HAR)
Wednesday, February 6, 11:16 AM ET, by Market News Video Staff

On 2/7/13, Harman International Industries, Inc. (HAR) will trade ex-dividend, for its quarterly dividend of ...

SPHB, MS, ETFC, C: ETF Inflow Alert
Monday, February 11, 11:46 AM ET, by Market News Video Staff

Symbols mentioned in this story: SPHB, MS, ETFC, C Exchange traded funds (ETFs) trade just ...

JBL Makes Bullish Cross Above Critical Moving Average
Wednesday, March 20, 3:52 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Jabil Circuit, Inc. (JBL) crossed above their 200 day ...

Harman International Industries, Inc. (HAR) Shares Cross Below 200 DMA
Tuesday, April 2, 4:20 PM ET, by Market News Video Staff

In trading on Tuesday, shares of Harman International Industries, Inc. (HAR) crossed below their 200 ...

  More articles:  1 2 3 4 5 next »

SPHB ETF Crowded With Sellers

By Market News Video Staff, Wednesday, May 23, 11:32 AM ET
Play Video: Learn About The RSI


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In trading on Wednesday, shares of the S&P 500 High Beta Portfolio ETF (AMEX:SPHB) entered into oversold territory, changing hands as low as $18.40 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of S&P 500 High Beta Portfolio, the RSI reading has hit 29.7 by comparison, the RSI reading for the S&P 500 is currently 33.3.

A bullish investor could look at SPHB's 29.7 reading 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.

Looking at a chart of one year performance (below), SPHB's low point in its 52 week range is $14.84 per share, with $29.49 as the 52 week high point that compares with a last trade of $18.42. S&P 500 High Beta Portfolio shares are currently trading down about 1.4% on the day.

S&P 500 High Beta Portfolio 1 Year Performance Chart


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