Exelis Inc. is Now Oversold (XLS) Monday, February 4, 4:27 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 Rockwell Collins, Inc. (COL) Tuesday, February 5, 10:30 AM ET, by Market News Video Staff On 2/7/13, Rockwell Collins, Inc. (COL) will trade ex-dividend, for its quarterly dividend of $0.30, ...
HII Ex-Dividend Reminder - 2/26/13 Friday, February 22, 10:40 AM ET, by Market News Video Staff On 2/26/13, Huntington Ingalls Industries, Inc. (HII) will trade ex-dividend, for its quarterly dividend of ...
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 Monday, shares of Exelis Inc. (NYSE:XLS) entered into oversold territory, hitting an RSI reading of 28.7, after changing hands as low as $9.33 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 44.5. A bullish investor could look at XLS'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 XLS shares:
According to the ETF Finder at ETF Channel, XLS makes up 2.84% of the SPDR S&P Aerospace & Defense ETF (AMEX:XAR) which is trading lower by about 0.8% on the day Monday.
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