SmartPros Ltd (SPRO) Will Trade Ex-Div on 6/13/11 Thursday, June 9, 2:09 PM ET, by Market News Video Staff On 6/13/11, SmartPros Ltd (SPRO) will trade ex-dividend, for its quarterly dividend of $0.0125, payable ...
Bearish Two Hundred Day Moving Average Cross - PAY Thursday, June 16, 11:35 AM ET, by Market News Video Staff In trading on Thursday, shares of VeriFone Systems Inc. (PAY) crossed below their 200 day ...
IWC, PEET, EXPO: Large Outflows Detected at ETF Tuesday, July 5, 10:35 AM ET, by Market News Video Staff Symbols mentioned in this story: IWC, PEET, EXPO Exchange traded funds (ETFs) trade just like ...
EXPO Crosses Above Key Moving Average Level Monday, August 29, 4:56 PM ET, by Market News Video Staff In trading on Monday, shares of Exponent Inc. (EXPO) 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 Thursday, shares of Exponent Inc. (NASDAQ:EXPO) entered into oversold territory, hitting an RSI reading of 26.5, after changing hands as low as $47.58 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 67.1. A bullish investor could look at EXPO's 26.5 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 EXPO shares:
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