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SLCT Crosses Above Key Moving Average Level
Friday, November 30, 11:49 AM ET, by Market News Video Staff

In trading on Friday, shares of Select Bancorp Inc (SLCT) crossed above their 200 day ...

Top Buys by Directors: Wilfong's $300K Bet on SLCT
Monday, March 4, 11:10 AM ET, by Market News Video Staff

The directors of a company tend to have a unique inside view into the business, ...

Select Bancorp (SLCT) Shares Cross Above 200 DMA
Monday, April 29, 4:38 PM ET, by Market News Video Staff

In trading on Monday, shares of Select Bancorp Inc (SLCT) crossed above their 200 day ...

RSI Alert: Select Bancorp (SLCT) Now Oversold
Tuesday, May 28, 6:34 PM ET, by Market News Video Staff

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

Relative Strength Alert For Select Bancorp
Wednesday, August 7, 4:26 PM ET, by Market News Video Staff

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

RSI Alert: Select Bancorp (SLCT) Now Oversold

By Market News Video Staff, Tuesday, May 28, 6:34 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 Tuesday, shares of Select Bancorp Inc (NASDAQ:SLCT) entered into oversold territory, hitting an RSI reading of 28.2, after changing hands as low as $11.06 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 38.2. A bullish investor could look at SLCT's 28.2 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 SLCT shares:

Select Bancorp Inc  1 Year Performance Chart

Looking at the chart above, SLCT's low point in its 52 week range is $10.14 per share, with $14.25 as the 52 week high point — that compares with a last trade of $11.06. Find out what 9 other oversold stocks you need to know about »


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RSI Alert: Select Bancorp (SLCT) Now Oversold | Market News Video | Copyright © 2008 - 2019, All Rights Reserved

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