MNV
Market News Video
MNV MNV 10 Stocks Crossing Above Their 200 Day Moving Average
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Myers Industries (MYE) Shares Cross Above 200 DMA
Friday, April 12, 4:09 PM ET, by Market News Video Staff

In trading on Friday, shares of Myers Industries Inc. (MYE) crossed above their 200 day ...

Bullish Two Hundred Day Moving Average Cross - MYE
Wednesday, May 15, 3:55 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Myers Industries Inc. (MYE) crossed above their 200 day ...

Myers Industries (MYE) Passes Through 3% Yield Mark
Wednesday, June 5, 3:06 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Myers Industries Inc. (MYE) were yielding above the 3% ...

Analysts Predict 11% Gains Ahead For VYM
Thursday, June 6, 8:07 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Relative Strength Alert For Myers Industries
Wednesday, July 31, 4:12 PM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

Relative Strength Alert For Myers Industries

By Market News Video Staff, Friday, May 18, 12:02 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 Friday, shares of Myers Industries Inc. (NYSE:MYE) entered into oversold territory, hitting an RSI reading of 28.4, after changing hands as low as $18.30 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 60.7. A bullish investor could look at MYE's 28.4 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 MYE shares:

Myers Industries Inc. 1 Year Performance Chart

Looking at the chart above, MYE's low point in its 52 week range is $15.40 per share, with $24.60 as the 52 week high point that compares with a last trade of $18.45. Find out what 9 other oversold stocks you need to know about

According to the ETF Finder at ETF Channel, MYE makes up 1.20% of the PowerShares S&P SmallCap High Dividend Low Volatility Portfolio ETF (AMEX:XSHD) which is trading relatively unchanged on the day Friday.

See what other ETFs contain MYE
See what other stocks are held by XSHD


Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.


This Article's Word Cloud:   AMEX   About   According   Buffett   Channel   Days   Dividend   Dollars   ETFs   Find   Finder   Friday   High   Index   Industries   Join   Know   Legendary   Looking   Myers   NYSE   Offer   Oversold   Portfolio   PowerShares   Relative   Seven   XSHD   below   chart   fearful   greedy   investor   look   other   others   oversold   point   reading   share   shares   stock   stocks   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
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

Relative Strength Alert For Myers Industries | Market News Video | Copyright © 2008 - 2020, 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.