WPO Crosses Below Key Moving Average Level Friday, December 21, 4:04 PM ET, by Market News Video Staff In trading on Friday, shares of Washington Post Co. (WPO) crossed below their 200 day ...
WPO Crosses Below Key Price/Book Valuation Level Friday, December 21, 4:31 PM ET, by Market News Video Staff In trading on Friday, shares of Washington Post Co. (WPO) crossed below their last reported ...
MERC Crosses Below Key Moving Average Level Tuesday, January 15, 4:29 PM ET, by Market News Video Staff In trading on Tuesday, shares of Mercer International Inc (MERC) crossed below their 200 day ...
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 Monday, shares of Bridgepoint Education, Inc. (NYSE:BPI) entered into oversold territory, hitting an RSI reading of 29.0, after changing hands as low as $14.24 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 54.2. A bullish investor could look at BPI's 29.0 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 BPI shares:
According to the ETF Finder at ETF Channel, BPI makes up 1.10% of the Guggenheim Insider Sentiment ETF (AMEX:NFO) which is trading lower by about 0.7% on the day Monday.
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