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CRUS Crosses Above Key Moving Average Level
Wednesday, March 26, 12:21 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Cirrus Logic, Inc. (CRUS) crossed above their 200 day ...

Fairchild Semiconductor International, Inc. (FCS) Shares Cross Below 200 DMA
Thursday, March 27, 4:44 PM ET, by Market News Video Staff

In trading on Thursday, shares of Fairchild Semiconductor International, Inc. (FCS) crossed below their 200 ...

HITT Makes Notable Cross Below Critical Moving Average
Friday, April 11, 1:22 PM ET, by Market News Video Staff

In trading on Friday, shares of Hittite Microwave Corp (HITT) crossed below their 200 day ...

Atmel Corp. Breaks Below 200-Day Moving Average - Notable for ATML
Tuesday, April 15, 11:29 AM ET, by Market News Video Staff

In trading on Tuesday, shares of Atmel Corp. (ATML) crossed below their 200 day moving ...

Use Options For a Chance To Buy FSL at a 34% Discount
Tuesday, April 15, 11:43 AM ET, by Market News Video Staff

Looking back to 62 days ago, Freescale Semiconductor Ltd (FSL) priced a 35,000,000 share secondary ...

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RSI Alert For Cirrus Logic, Inc. (CRUS)

By Market News Video Staff, Monday, December 10, 1:09 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 Cirrus Logic, Inc. (NASDAQ:CRUS) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $28.07 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 56.7. A bullish investor could look at CRUS's 29.8 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 CRUS shares:

Cirrus Logic, Inc. 1 Year Performance Chart

Looking at the chart above, CRUS's low point in its 52 week range is $14.75 per share, with $45.49 as the 52 week high point that compares with a last trade of $28.28. Find out what 9 other oversold stocks you need to know about

According to the ETF Finder at ETF Channel, CRUS makes up 2.97% of the SPDR S&P Semiconductor ETF (AMEX:XSD) which is trading up by about 0.8% on the day Monday.

See what other ETFs contain CRUS
See what other stocks are held by XSD

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