SWK Crosses Below Key Moving Average Level Friday, June 10, 11:45 AM ET, by Market News Video Staff In trading on Friday, shares of Stanley Black & Decker, Inc. (SWK) crossed below their ...
GRMN Crosses Above Key Moving Average Level Monday, October 10, 11:43 AM ET, by Market News Video Staff In trading on Monday, shares of Garmin Ltd. (GRMN) crossed above 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 Central Garden & Pet Co. (NASDAQ:CENT) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $8.75 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 60.8. A bullish investor could look at CENT's 29.6 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 CENT shares:
According to the ETF Finder at ETF Channel, CENT makes up 1.45% of the India Small Cap ETF (AMEX:SCIN) which is trading up by about 0.1% on the day Tuesday.
This Article's Word Cloud:AMEXAccordingCENTETFsLegendaryPortfolioRelativeSCINShouldSmallTuesdayWarrenaboutanalysisbelowchartcomparisonfearfulgivengreedyhandsheavyincomeinvestorlookmomentumneedopportunitiesotherothersoversoldpointrangereadingrecentscalesharesharesstockstocksthattradingweekwhatwhenwhichwithyearyourzero
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:
Analyst Moves: RIG, APC, BSX
Daily Wrap: May 10, 2013
Daily Wrap: May 9, 2013
Analyst Moves: DISH, MDR, PCLN
Daily Dividend Report: CRI, WM, CHRW, NVDA, CBI
Hiring Picture Improves In April