Weis Markets Enters Oversold Territory Monday, May 8, 11:43 AM ET, by Market News Video Staff The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
WMK Dividend Yield Pushes Above 2% Wednesday, May 10, 3:15 PM ET, by Market News Video Staff In trading on Wednesday, shares of Weis Markets, Inc. (WMK) were yielding above the 2% ...
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 Monday, shares of Weis Markets, Inc. (NYSE:WMK) entered into oversold territory, hitting an RSI reading of 28.9, after changing hands as low as $52.1149 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 67.9. A bullish investor could look at WMK's 28.9 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 WMK shares:
This Article's Word Cloud:AboutBuffettClickFindIndexKnowLegendaryLookingMarketsMondayNYSEOversoldRelativeShouldStartStocksStrengthWarrenWeisaboutaboveadvisesafteranalysisbecomebeginbelowbrainbullishcalledchangingchartcomparescomparisonfearfulgreedyinvestorlookothersoversoldpointraquoreadingsharesharesstockthatweekwhenwith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.
Play Video:
Learn About The RSI
Free Email Alerts By Stock:
Start slideshow: