First Week of CUK February 2024 Options Trading Thursday, July 6, 10:34 AM ET, by Market News Video Staff Investors in Carnival plc (CUK) saw new options become available this week, for the February ...
Carnival is Now Oversold (CUK) Wednesday, September 13, 11:41 AM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
First Week of CUK October 20th Options Trading Monday, September 25, 10:38 AM ET, by Market News Video Staff Investors in Carnival plc (CUK) saw new options begin trading this week, for the October ...
Carnival (CUK) Shares Cross Below 200 DMA Tuesday, October 3, 4:02 PM ET, by Market News Video Staff In trading on Tuesday, shares of Carnival plc (CUK) crossed below their 200 day moving ...
Oversold Conditions For Carnival (CUK)
By Market News Video Staff, Tuesday, January 26, 4:25 PM ET
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 Carnival plc (NYSE:CUK) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as $16.14 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 64.8. A bullish investor could look at CUK'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 CUK shares:
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