Oversold Conditions For Nestle (NSRGY) Tuesday, May 30, 11:43 AM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
NSRGY Crosses Below Key Moving Average Level Tuesday, June 13, 12:00 PM ET, by Market News Video Staff In trading on Tuesday, shares of Nestle S A (NSRGY) crossed below their 200 day ...
Nestle Enters Oversold Territory (NSRGY) Wednesday, September 27, 4:22 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Nestle Becomes Oversold (NSRGY) Tuesday, January 23, 11:58 AM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Relative Strength Alert For Nestle
By Market News Video Staff, Tuesday, February 23, 12:04 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 Nestle S A (NSRGY) entered into oversold territory, hitting an RSI reading of 28.1, after changing hands as low as $107.0192 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 53.3. A bullish investor could look at NSRGY's 28.1 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 NSRGY shares:
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