Ameris Bancorp (ABCB) Shares Cross Below Book Value Tuesday, April 19, 12:38 PM ET, by Market News Video Staff In trading on Tuesday, shares of Ameris Bancorp (ABCB) crossed below their last reported book ...
Ameris Bancorp (ABCB) Shares Cross Above 200 DMA Tuesday, July 19, 4:20 PM ET, by Market News Video Staff In trading on Tuesday, shares of Ameris Bancorp (ABCB) crossed above their 200 day moving ...
Bearish Two Hundred Day Moving Average Cross - ABCB Tuesday, October 25, 11:38 AM ET, by Market News Video Staff In trading on Tuesday, shares of Ameris Bancorp (ABCB) crossed below their 200 day moving ...
ABCB Crosses Below Key Moving Average Level Wednesday, November 23, 2:03 PM ET, by Market News Video Staff In trading on Wednesday, shares of Ameris Bancorp (ABCB) crossed below their 200 day moving ...
ABCB Crosses Below Key Price/Book Valuation Level Wednesday, January 4, 4:00 PM ET, by Market News Video Staff In trading on Wednesday, shares of Ameris Bancorp (ABCB) crossed below their last reported book ...
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 Ameris Bancorp (NASDAQ:ABCB) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $10.89 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 29.0. A bullish investor could look at ABCB's 29.6 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 ABCB shares:
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