DWCH Crosses Below Key Moving Average Level Wednesday, October 26, 11:36 AM ET, by Market News Video Staff In trading on Wednesday, shares of DATAWATCH Corp. (DWCH) crossed below their 200 day moving ...
Bearish Two Hundred Day Moving Average Cross - DWCH Friday, November 18, 11:32 AM ET, by Market News Video Staff In trading on Friday, shares of DATAWATCH Corp. (DWCH) crossed below their 200 day moving ...
DWCH Trading Below CEO's Recent Buy Price Monday, November 28, 11:52 AM ET, by Market News Video Staff There's an old saying on Wall Street about insider buying: there are many possible reasons ...
DATAWATCH Corp. Enters Oversold Territory (DWCH) Tuesday, October 9, 5:05 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
DATAWATCH Corp. Enters Oversold Territory (DWCH)
By Market News Video Staff, Tuesday, October 9, 5:05 PM ET
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 DATAWATCH Corp. (NASDAQ:DWCH) entered into oversold territory, hitting an RSI reading of 28.4, after changing hands as low as $16.40 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 53.0. A bullish investor could look at DWCH's 28.4 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 DWCH shares:
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