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EBSB Crosses Above Key Moving Average Level
Thursday, April 11, 4:47 PM ET, by Market News Video Staff

In trading on Thursday, shares of Meridian Bancorp Inc (EBSB) crossed above their 200 day ...

Ex-Dividend Reminder: Aaron's, Meridian Bancorp and State Auto Financial
Thursday, June 13, 10:16 AM ET, by Market News Video Staff

On 6/17/19, Aaron's Inc (AAN), Meridian Bancorp Inc (EBSB), and State Auto Financial Corp. (STFC) ...

Notable Friday Option Activity: EBSB, AMBA, SGH
Friday, June 28, 3:16 PM ET, by Market News Video Staff

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...

Peek Under The Hood: IEFN Has 14% Upside
Tuesday, September 3, 8:29 AM ET, by Market News Video Staff

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

Ex-Dividend Reminder: American International Group, Huntington Bancshares and Meridian Bancorp
Thursday, September 12, 10:11 AM ET, by Market News Video Staff

On 9/16/19, American International Group Inc (AIG), Huntington Bancshares Inc (HBAN), and Meridian Bancorp Inc ...

Oversold Conditions For Meridian Bancorp (EBSB)

By Market News Video Staff, Friday, January 10, 12:20 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 Friday, shares of Meridian Bancorp Inc (NASDAQ:EBSB) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $19.18 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 71.8. A bullish investor could look at EBSB's 29.6 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 EBSB shares:

Meridian Bancorp Inc 1 Year Performance Chart

Looking at the chart above, EBSB's low point in its 52 week range is $14.62 per share, with $20.86 as the 52 week high point — that compares with a last trade of $19.19. Find out what 9 other oversold stocks you need to know about »

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Oversold Conditions For Meridian Bancorp (EBSB) | Market News Video | Copyright © 2008 - 2020, All Rights Reserved

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