Reminder - Conmed Corp. (CNMD) Goes Ex-Dividend Soon Monday, March 11, 2:55 PM ET, by Market News Video Staff On 3/13/13, Conmed Corp. (CNMD) will trade ex-dividend, for its quarterly dividend of $0.15, payable ...
QSII Crosses Above Key Moving Average Level Wednesday, April 10, 11:34 AM ET, by Market News Video Staff In trading on Wednesday, shares of Quality Systems, Inc. (QSII) crossed above their 200 day ...
Haemonetics Corp. (HAE) Shares Cross Below 200 DMA Wednesday, April 17, 11:22 AM ET, by Market News Video Staff In trading on Wednesday, shares of Haemonetics Corp. (HAE) crossed below their 200 day moving ...
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 Centene Corp (NYSE:CNC) entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $34.73 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 61.1. A bullish investor could look at CNC's 28.8 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 CNC shares:
This Article's Word Cloud:AccordingETFsLegendaryPSCHPortfolioRelativeShouldTuesdayWarrenaboutanalysisbelowchartcomparisonfearfulgivengreedyhandsheavyincomeinvestorlookmeasuresmomentumneedopportunitiesotherothersoversoldpointrangereadingrecentscalesecuresharesharesstockstocksthattradingweekwhatwhenwhichwithyearyearsyourzero
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
Now Playing:
Learn About The RSI
Start slideshow:
Daily Dividend Report: CRI, WM, CHRW, NVDA, CBI
Daily Wrap: May 10, 2013
Daily Dividend Report: MAR, LEG, ORI, OFC, RNDY
Analyst Moves: DISH, MDR, PCLN
Analyst Moves: RIG, APC, BSX
Analyst Moves: MU, FRX, AES, CVC