Market News Video
MNV MNV 10 Stocks Crossing Below Book Value
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

PowerShares QQQ Breaks Below 200-Day Moving Average - Notable for QQQ
Wednesday, April 27, 10:53 AM ET, by Market News Video Staff

In trading on Wednesday, shares of the PowerShares QQQ ETF (QQQ) crossed below their 200 ...

QQQ, QCOM, TXN, AVGO: ETF Outflow Alert
Friday, April 29, 11:20 AM ET, by Market News Video Staff

Symbols mentioned in this story: QQQ, QCOM, TXN, AVGO Exchange traded funds (ETFs) trade just ...

PowerShares QQQ Experiences Big Outflow
Monday, May 9, 10:48 AM ET, by Market News Video Staff

Symbols mentioned in this story: QQQ, INTC, CSCO, QCOM Exchange traded funds (ETFs) trade just ...

How The Parts Add Up: QQQ Targets $128
Thursday, May 12, 7:46 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Tuesday, May 17, 10:52 AM ET, by Market News Video Staff

Symbols mentioned in this story: QQQ, GOOG, GOOGL, INTC Exchange traded funds (ETFs) trade just ...

  More articles:  1 2 3 4 5 6 7 next »

QQQ Crosses Critical Technical Indicator

By Market News Video Staff, Friday, June 1, 3:55 PM ET
Play Video: Learn About The RSI

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

In trading on Friday, shares of the PowerShares QQQ ETF (NASDAQ:QQQ) entered into oversold territory, changing hands as low as $60.39 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 PowerShares QQQ, the RSI reading has hit 30.0 by comparison, the RSI reading for the S&P 500 is currently 29.0.

A bullish investor could look at QQQ's 30.0 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), QQQ's low point in its 52 week range is $49.93 per share, with $68.55 as the 52 week high point that compares with a last trade of $60.50. PowerShares QQQ shares are currently trading off about 2.4% on the day.

PowerShares QQQ 1 Year Performance Chart

Special Offer: Add income and energy exposure to your portfolio with a 30 day free trial to Frank Bifulco's Oil & Gas Income Portfolio

Top Six Most Viewed Stories This Week @ Market News Video:

This Article's Word Cloud:   Friday   Income   Looking   PowerShares   Relative   Special   Strength   analysis   below   bullish   case   changing   compares   comparison   currently   define   energy   entered   entry   exposure   falls   heavy   income   indicator   into   last   look   oversold   point   portfolio   range   reading   selling   share   shares   side   sign   technical   territory   that   trading   trial   used   using   week   which   with   year   your   zero
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV MNV Chart Zero Stock Market Game Stock Market Definitions

QQQ Crosses Critical Technical Indicator | Market News Video | Copyright © 2008 - 2017, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.