MNV
Market News Video
MNV MNV 10 Stocks Crossing Below Book Value
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Commit To Purchase Matrix Service At $20, Earn 18.1% Annualized Using Options
Tuesday, December 30, 1:57 PM ET, by Market News Video Staff

Investors eyeing a purchase of Matrix Service Co. (MTRX) stock, but cautious about paying the ...

PowerShares S&P SmallCap Energy Portfolio (PSCE) Enters Oversold Territory
Monday, January 12, 11:01 AM ET, by Market News Video Staff

In trading on Monday, shares of the PowerShares S&P SmallCap Energy Portfolio ETF (PSCE) entered ...

MTRX Crosses Critical Technical Indicator
Monday, January 12, 3:51 PM ET, by Market News Video Staff

In trading on Monday, shares of Matrix Service Co. (MTRX) entered into oversold territory, changing ...

Commit To Buy Matrix Service At $15, Earn 10% Annualized Using Options
Thursday, April 2, 11:39 AM ET, by Market News Video Staff

Investors considering a purchase of Matrix Service Co. (MTRX) shares, but cautious about paying the ...

Matrix Service Breaks Above 200-Day Moving Average - Bullish for MTRX
Thursday, April 16, 4:24 PM ET, by Market News Video Staff

In trading on Thursday, shares of Matrix Service Co. (MTRX) crossed above their 200 day ...

  More articles:  1 2 3 4 5 6 7 next »

Matrix Service Co. Enters Oversold Territory (MTRX)

By Market News Video Staff, Monday, April 8, 12:48 PM ET
Play Video: Learn About The RSI


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

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 Matrix Service Co. (NASDAQ:MTRX) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $13.9301 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 53.8. A bullish investor could look at MTRX'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 MTRX shares:

Matrix Service Co. 1 Year Performance Chart

Looking at the chart above, MTRX's low point in its 52 week range is $9.62 per share, with $17.21 as the 52 week high point that compares with a last trade of $13.97. Find out what 9 other oversold stocks you need to know about

According to the ETF Finder at ETF Channel, MTRX makes up 1.60% of the S&P SmallCap Energy Portfolio ETF (NASDAQ:PSCE) which is trading higher by about 3.5% on the day Monday.

See what other ETFs contain MTRX
See what other stocks are held by PSCE


Special Offer: Add income and energy exposure to your portfolio with a 30 day free trial to Frank Bifulco's Oil & Gas Income Portfolio


Top Six Most Viewed Stories This Week @ Market News Video:

This Article's Word Cloud:   Finder   Income   MTRX   Matrix   Monday   Oversold   PSCE   Portfolio   Relative   Special   Start   Warren   about   analysis   below   bullish   changing   chart   entered   entry   fearful   greedy   heavy   held   income   investor   know   look   makes   other   others   oversold   point   portfolio   reading   selling   share   shares   sign   stock   stocks   technical   territory   that   trading   week   what   when   which   with
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Portfolio Channel Stock Market Definitions
MNV

Matrix Service Co. Enters Oversold Territory (MTRX) | Market News Video | Copyright © 2008 - 2016, All Rights Reserved

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.