Bullish Two Hundred Day Moving Average Cross - SSW Wednesday, January 2, 1:26 PM ET, by Market News Video Staff In trading on Wednesday, shares of Seaspan Corp (SSW) crossed above their 200 day moving ...
DSX Crosses Above Key Moving Average Level Wednesday, January 2, 4:42 PM ET, by Market News Video Staff In trading on Wednesday, shares of Diana Shipping Inc (DSX) crossed above their 200 day ...
DSX Crosses Above Key Moving Average Level Wednesday, January 2, 4:43 PM ET, by Market News Video Staff In trading on Wednesday, shares of Diana Shipping Inc (DSX) crossed above their 200 day ...
Bullish Two Hundred Day Moving Average Cross - NMM Wednesday, January 9, 4:31 PM ET, by Market News Video Staff In trading on Wednesday, shares of Navios Maritime Partners LP (NMM) crossed above their 200 ...
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 Diana Shipping Inc (NYSE:DSX) entered into oversold territory, hitting an RSI reading of 27.5, after changing hands as low as $6.28 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 52.8. A bullish investor could look at DSX's 27.5 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 DSX shares:
According to the ETF Finder at ETF Channel, DSX makes up 2.59% of the Guggenheim Shipping ETF (AMEX:SEA) which is trading lower by about 2.4% on the day Monday.
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Learn About The RSI
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