TIBB Crosses Below Key Price/Book Valuation Level Tuesday, June 14, 1:06 PM ET, by Market News Video Staff In trading on Tuesday, shares of TIB Financial Corp. (TIBB) crossed below their last reported ...
TIBB Crosses Below Key Moving Average Level Monday, July 11, 3:58 PM ET, by Market News Video Staff In trading on Monday, shares of TIB Financial Corp. (TIBB) crossed below their 200 day ...
TIB Financial Corp. is Now Oversold (TIBB) Friday, June 15, 4:36 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
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 TIB Financial Corp. (TIBB) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $10.51 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 49.6. A bullish investor could look at TIBB's 29.5 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 TIBB shares:
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