VWO, CHL, TSM, IDSA: Large Inflows Detected at ETF Thursday, January 10, 11:26 AM ET, by Market News Video Staff Symbols mentioned in this story: VWO, CHL, TSM, IDSA Exchange traded funds (ETFs) trade just ...
Noteworthy ETF Outflows: SMH, TXN, ASML, BRCM Tuesday, January 15, 11:26 AM ET, by Market News Video Staff Symbols mentioned in this story: SMH, TXN, ASML, BRCM Exchange traded funds (ETFs) trade just ...
SMH, INTC, TXN, BRCM: ETF Inflow Alert Wednesday, January 23, 10:50 AM ET, by Market News Video Staff Symbols mentioned in this story: SMH, INTC, TXN, BRCM Exchange traded funds (ETFs) trade just ...
Noteworthy ETF Outflows: SMH, TSM, ASML, ARMH Thursday, February 7, 2:02 PM ET, by Market News Video Staff Symbols mentioned in this story: SMH, TSM, ASML, ARMH Exchange traded funds (ETFs) trade just ...
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 Taiwan Semiconductor Manufacturing Co., Ltd. (NYSE:TSM) entered into oversold territory, hitting an RSI reading of 27.8, after changing hands as low as $13.17 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 30.5. A bullish investor could look at TSM's 27.8 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 TSM shares:
According to the ETF Finder at ETF Channel, TSM makes up 13.57% of the Semiconductor ETF (AMEX:SMH) which is trading lower by about 2.7% on the day Friday.
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