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NEU Makes Notable Cross Below Critical Moving Average
Monday, January 27, 11:13 AM ET, by Market News Video Staff

In trading on Monday, shares of NewMarket Corp (NEU) crossed below their 200 day moving ...

NewMarket Becomes Oversold
Friday, January 31, 11:51 AM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

NewMarket Moves Up In Market Cap Rank, Passing Alliance Data Systems
Thursday, February 20, 4:50 PM ET, by Market News Video Staff

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

NewMarket Becomes Oversold
Wednesday, February 26, 4:17 PM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

Ex-Dividend Reminder: Viad, NewMarket and Eastman Chemical
Wednesday, March 11, 10:16 AM ET, by Market News Video Staff

On 3/13/20, Viad Corp. (VVI), NewMarket Corp (NEU), and Eastman Chemical Co (EMN) will all ...

NewMarket Enters Oversold Territory (NEU)

By Market News Video Staff, Wednesday, October 28, 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 Wednesday, shares of NewMarket Corp (NYSE:NEU) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $333.63 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 35.9. A bullish investor could look at NEU's 29.8 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 NEU shares:

NewMarket Corp 1 Year Performance Chart

Looking at the chart above, NEU's low point in its 52 week range is $304.65 per share, with $505.16 as the 52 week high point — that compares with a last trade of $332.45. Find out what 9 other oversold stocks you need to know about »


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