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February 2020 Options Now Available For SM Energy (SM)
Monday, June 24, 10:50 AM ET, by Market News Video Staff

Investors in SM Energy Co. (SM) saw new options become available today, for the February ...

Analysts Predict 52% Upside For The Holdings of XOP
Thursday, June 27, 8:04 AM ET, by Market News Video Staff

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

Top Buys by Top Brass: EVP and General Counsel Copeland's $127.1K Bet on SM
Friday, July 5, 12:07 PM ET, by Market News Video Staff

A company's own top management tend to have the best inside view into the business, ...

SM Energy (SM) Shares Enter Oversold Territory
Thursday, July 18, 11:27 AM ET, by Market News Video Staff

In trading on Thursday, shares of SM Energy Co. (SM) entered into oversold territory, changing ...

Interesting SM Put And Call Options For September 20th
Monday, July 22, 10:33 AM ET, by Market News Video Staff

Investors in SM Energy Co. (SM) saw new options become available today, for the September ...

SM Energy is Now Oversold (SM)

By Market News Video Staff, Tuesday, February 4, 4:40 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 SM Energy Co. (NYSE:SM) entered into oversold territory, hitting an RSI reading of 29.1, after changing hands as low as $8.63 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 57.6. A bullish investor could look at SM's 29.1 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 SM shares:

SM Energy Co. 1 Year Performance Chart

Looking at the chart above, SM's low point in its 52 week range is $6.845 per share, with $19.8697 as the 52 week high point — that compares with a last trade of $8.67. Find out what 9 other oversold stocks you need to know about »


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