GGG Ex-Dividend Reminder - 7/14/11 Tuesday, July 12, 10:51 AM ET, by Market News Video Staff On 7/14/11, Graco Inc. (GGG) will trade ex-dividend, for its quarterly dividend of $0.21, payable ...
Bearish Two Hundred Day Moving Average Cross - SNA Wednesday, July 27, 4:26 PM ET, by Market News Video Staff In trading on Wednesday, shares of Snap-On, Inc. (SNA) crossed below their 200 day moving ...
Graco Inc. (GGG) Passes Through 2% Yield Mark Tuesday, August 2, 3:26 PM ET, by Market News Video Staff In trading on Tuesday, shares of Graco Inc. (GGG) were yielding above the 2% mark ...
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 Tuesday, shares of Viasystems Group Inc (NASDAQ:VIAS) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $15.32 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 60.3. A bullish investor could look at VIAS's 29.3 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 VIAS shares:
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