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SPX Corp. is Now Oversold (SPW)
Friday, April 5, 12:20 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

SPX Corp. Becomes Oversold (SPW)
Wednesday, May 1, 12:44 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

SPX Corp. Larger Than S&P 500 Component Harman International Industries, Inc.
Friday, May 31, 4:48 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component SPX ...

SPX Corp. About To Put More Money In Your Pocket (SPW)
Monday, June 10, 12:17 PM ET, by Market News Video Staff

On 6/12/13, SPX Corp. (SPW) will trade ex-dividend, for its quarterly dividend of $0.25, payable ...

Interesting SPW Put And Call For August 17th
Monday, June 24, 1:49 PM ET, by Market News Video Staff

Investors in SPX Corp. (SPW) saw new options begin trading today, for the August 17th ...

  More articles:  1 2 3 4 5 6 next »

SPX Corp. is Now Oversold (SPW)

By Market News Video Staff, Friday, April 5, 12:20 PM ET
Play Video: Learn About The RSI


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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 Friday, shares of SPX Corp. (NYSE:SPW) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $74.78 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 49.0. A bullish investor could look at SPW's 28.3 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 SPW shares:

SPX Corp. 1 Year Performance Chart

Looking at the chart above, SPW's low point in its 52 week range is $56.31 per share, with $85.82 as the 52 week high point that compares with a last trade of $75.33. Find out what 9 other oversold stocks you need to know about


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