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Oversold Conditions For San Juan Basin Royalty Trust
Monday, September 10, 12:00 PM ET, by Market News Video Staff

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

San Juan Basin Royalty Trust Becomes Oversold (SJT)
Thursday, February 7, 11:57 AM ET, by Market News Video Staff

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

Bullish Two Hundred Day Moving Average Cross - SJT
Friday, March 8, 4:04 PM ET, by Market News Video Staff

In trading on Friday, shares of San Juan Basin Royalty Trust (SJT) crossed above their ...

San Juan Basin Royalty Trust (SJT) Shares Cross Above 200 DMA
Monday, April 8, 11:05 AM ET, by Market News Video Staff

In trading on Monday, shares of San Juan Basin Royalty Trust (SJT) crossed above their ...

RSI Alert: San Juan Basin Royalty Trust (SJT) Now Oversold
Monday, April 29, 4:23 PM ET, by Market News Video Staff

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

RSI Alert: San Juan Basin Royalty Trust (SJT) Now Oversold

By Market News Video Staff, Monday, April 29, 4:23 PM ET
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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 Monday, shares of San Juan Basin Royalty Trust (NYSE:SJT) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $4.58 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 72.6. A bullish investor could look at SJT's 29.8 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 SJT shares:

San Juan Basin Royalty Trust 1 Year Performance Chart

Looking at the chart above, SJT's low point in its 52 week range is $4.21 per share, with $7.32 as the 52 week high point — that compares with a last trade of $4.63. Find out what 9 other oversold stocks you need to know about »


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RSI Alert: San Juan Basin Royalty Trust (SJT) Now Oversold | Market News Video | Copyright © 2008 - 2019, All Rights Reserved

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