Market News Video
MNV MNV 10 Stocks Crossing Below Their 200 Day Moving Average
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

First Week of July 21st Options Trading For PowerShares QQQ
Friday, March 24, 10:35 AM ET, by Market News Video Staff

Investors in PowerShares QQQ (QQQ) saw new options begin trading this week, for the July ...

First Week of QQQ August 18th Options Trading
Wednesday, April 26, 10:48 AM ET, by Market News Video Staff

Investors in PowerShares QQQ (QQQ) saw new options become available this week, for the August ...

Notable ETF Inflow Detected - QQQ, GOOG, INTC, AVGO
Monday, May 22, 11:16 AM ET, by Market News Video Staff

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

QQQ, PYPL, ADP, CTSH: ETF Inflow Alert
Wednesday, June 14, 10:47 AM ET, by Market News Video Staff

Symbols mentioned in this story: QQQ, PYPL, ADP, CTSH Exchange traded funds (ETFs) trade just ...

Analysts Anticipate QQQ Will Reach $151
Friday, June 30, 9:12 AM ET, by Market News Video Staff

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

  More articles:  1 2 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

This Article's Word Cloud:   Bifulco   Frank   Friday   Income   Index   Looking   Offer   Portfolio   PowerShares   Relative   Special   Strength   about   analysis   begin   below   bullish   case   changing   chart   compares   comparison   considered   could   currently   define   energy   entered   entry   exhausting   exposure   falls   free   hands   heavy   high   income   indicator   into   look   oversold   point   reading   share   shares   territory   that   trading   week   with
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV MNV Stock Message Boards Stock Market Definitions

QQQ Crosses Critical Technical Indicator | Market News Video | Copyright © 2008 - 2018, 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.