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Commit To Buy Clovis Oncology At $65, Earn 26.3% Annualized
Friday, August 9, 11:29 AM ET, by Market News Video Staff

Investors eyeing a purchase of Clovis Oncology Inc (CLVS) shares, but cautious about paying the ...

Clovis Oncology Enters Oversold Territory (CLVS)
Thursday, September 5, 4:28 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Clovis Oncology Inc is Now Oversold (CLVS)
Monday, October 7, 4:29 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

CLVS Makes Notable Cross Below Critical Moving Average
Monday, November 18, 2:11 PM ET, by Market News Video Staff

In trading on Monday, shares of Clovis Oncology Inc (CLVS) crossed below their 200 day ...

Commit To Buy Clovis Oncology At $40, Earn 26% Annualized Using Options
Tuesday, November 19, 1:26 PM ET, by Market News Video Staff

Investors considering a purchase of Clovis Oncology Inc (CLVS) stock, but tentative about paying the ...

  More articles:  1 2 next »

Oversold Conditions For Clovis Oncology Inc (CLVS)

By Market News Video Staff, Monday, November 12, 12:55 PM ET
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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 Clovis Oncology Inc (NASDAQ:CLVS) entered into oversold territory, hitting an RSI reading of 21.6, after changing hands as low as $12.45 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 33.1. A bullish investor could look at CLVS's 21.6 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 CLVS shares:

Clovis Oncology Inc 1 Year Performance Chart

Looking at the chart above, CLVS's low point in its 52 week range is $11.45 per share, with $27.55 as the 52 week high point that compares with a last trade of $13.93. Find out what 9 other oversold stocks you need to know about


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Oversold Conditions For Clovis Oncology Inc (CLVS) | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

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