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Clovis Oncology Reaches Analyst Target Price
Friday, February 10, 9:52 AM ET, by Market News Video Staff

In recent trading, shares of Clovis Oncology Inc (CLVS) have crossed above the average analyst ...

Noteworthy Friday Option Activity: SAGE, BAX, CLVS
Friday, February 17, 3:48 PM ET, by Market News Video Staff

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...

Commit To Purchase Clovis Oncology At $35, Earn 12.3% Using Options
Thursday, February 23, 11:53 AM ET, by Market News Video Staff

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

XBI, CLVS, KITE, TSRO: Large Inflows Detected at ETF
Thursday, March 2, 10:52 AM ET, by Market News Video Staff

Symbols mentioned in this story: XBI, CLVS, KITE, TSRO Exchange traded funds (ETFs) trade just ...

SPDR S&P Biotech ETF Experiences Big Inflow
Tuesday, March 14, 10:47 AM ET, by Market News Video Staff

Symbols mentioned in this story: XBI, CLVS, KITE, EXAS Exchange traded funds (ETFs) trade just ...

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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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