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ALEC Crosses Above Average Analyst Target
Friday, January 31, 8:14 AM ET, by Market News Video Staff

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

Implied FPX Analyst Target Price: $78
Tuesday, April 14, 9:21 AM ET, by Market News Video Staff

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

First Week of January 2021 Options Trading For Alector (ALEC)
Friday, May 15, 11:25 AM ET, by Market News Video Staff

Investors in Alector Inc (ALEC) saw new options become available this week, for the January ...

Alector Larger Than S&P 500 Component Nordstrom
Friday, May 22, 4:43 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Alector ...

First Week of August 21st Options Trading For Alector (ALEC)
Monday, June 22, 11:04 AM ET, by Market News Video Staff

Investors in Alector Inc (ALEC) saw new options become available this week, for the August ...

Relative Strength Alert For Alector

By Market News Video Staff, Wednesday, September 30, 5:32 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 Wednesday, shares of Alector Inc (NASDAQ:ALEC) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $10.45 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 51.4. A bullish investor could look at ALEC's 29.3 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 ALEC shares:

Alector Inc 1 Year Performance Chart

Looking at the chart above, ALEC's low point in its 52 week range is $10.45 per share, with $35.93 as the 52 week high point — that compares with a last trade of $10.53. Find out what 9 other oversold stocks you need to know about »

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