Notable ETF Outflow Detected - UPRO, VZ, XOM, NKE Friday, January 8, 10:47 AM ET, by Market News Video Staff Symbols mentioned in this story: UPRO, VZ, XOM, NKE Exchange traded funds (ETFs) trade just ...
Monday Sector Leaders: Energy, Materials Monday, January 11, 2:44 PM ET, by Market News Video Staff Looking at the sectors faring best as of midday Monday, shares of Energy companies are ...
Noteworthy Tuesday Option Activity: XOM, PXD, SPCE Tuesday, January 12, 3:16 PM ET, by Market News Video Staff Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
XOM Dividend Yield Pushes Past 7% Friday, January 15, 3:11 PM ET, by Market News Video Staff In trading on Friday, shares of Exxon Mobil Corp (XOM) were yielding above the 7% ...
Relative Strength Alert For Exxon Mobil
By Market News Video Staff, Thursday, August 24, 4:24 PM ET
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 Exxon Mobil Corp (NYSE:XOM) entered into oversold territory, hitting an RSI reading of 29.98, after changing hands as low as $76.20 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 48.3. A bullish investor could look at XOM's 29.98 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 XOM shares:
According to the ETF Finder at ETF Channel, XOM makes up 24.74% of the iShares U.S. Energy ETF (NYSE:IYE) which is trading lower by about 0.1% on the day Thursday.
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Learn About The RSI
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