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Wingstop Reaches Analyst Target Price
Thursday, April 9, 8:41 AM ET, by Market News Video Staff

In recent trading, shares of Wingstop Inc (WING) have crossed above the average analyst 12-month ...

Notable Monday Option Activity: WING, MS, FLT
Monday, May 4, 3:17 PM ET, by Market News Video Staff

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...

Notable Wednesday Option Activity: BAC, WING, C
Wednesday, May 13, 3:29 PM ET, by Market News Video Staff

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...

iShares Core S&P Small-Cap ETF Experiences Big Inflow
Thursday, May 14, 10:52 AM ET, by Market News Video Staff

Symbols mentioned in this story: IJR, MNTA, STRA, WING Exchange traded funds (ETFs) trade just ...

WING Crosses Above Average Analyst Target
Monday, May 18, 8:39 AM ET, by Market News Video Staff

In recent trading, shares of Wingstop Inc (WING) have crossed above the average analyst 12-month ...

Oversold Conditions For Wingstop

By Market News Video Staff, Friday, September 18, 4:20 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 Friday, shares of Wingstop Inc (NASDAQ:WING) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as $130.21 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 42.3. A bullish investor could look at WING's 29.4 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 WING shares:

Wingstop Inc 1 Year Performance Chart

Looking at the chart above, WING's low point in its 52 week range is $44.27 per share, with $170 as the 52 week high point — that compares with a last trade of $132.73. Find out what 9 other oversold stocks you need to know about »


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Oversold Conditions For Wingstop | Market News Video | Copyright © 2008 - 2020, All Rights Reserved

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