Interesting PEB Put And Call Options For March 2024 Friday, July 21, 10:45 AM ET, by Market News Video Staff Investors in Pebblebrook Hotel Trust (PEB) saw new options become available this week, for the ...
Notable Two Hundred Day Moving Average Cross - PEB Thursday, August 3, 2:13 PM ET, by Market News Video Staff In trading on Thursday, shares of Pebblebrook Hotel Trust (PEB) crossed below their 200 day ...
PEB Crosses Above Key Moving Average Level Tuesday, August 29, 4:59 PM ET, by Market News Video Staff In trading on Tuesday, shares of Pebblebrook Hotel Trust (PEB) crossed above their 200 day ...
Top Buys by Directors: Bortz's $2M Bet on PEB Wednesday, September 6, 1:41 PM ET, by Market News Video Staff The directors of a company tend to have a unique inside view into the business, ...
Pebblebrook Hotel Trust is Now Oversold (PEB)
By Market News Video Staff, Wednesday, May 12, 4:35 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 Wednesday, shares of Pebblebrook Hotel Trust (NYSE:PEB) entered into oversold territory, hitting an RSI reading of 27.8, after changing hands as low as $21.54 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 42.3. A bullish investor could look at PEB's 27.8 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 PEB shares:
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