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Ex-Dividend Reminder: Republic Services, Werner Enterprises and ESCO Technologies
Tuesday, December 29, 10:52 AM ET, by Market News Video Staff

On 12/31/20, Republic Services Inc (RSG), Werner Enterprises, Inc. (WERN), and ESCO Technologies, Inc.. ...

Analysts Anticipate ROKT Will Reach $43
Friday, March 5, 9:29 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Ex-Dividend Reminder: ABM Industries, Encore Wire Corp. and ESCO Technologies
Monday, March 29, 9:58 AM ET, by Market News Video Staff

On 3/31/21, ABM Industries, Inc. (ABM), Encore Wire Corp.. ...

ROKT's Underlying Holdings Imply 11% Gain Potential
Wednesday, May 5, 8:55 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Relative Strength Alert For ESCO Technologies
Wednesday, May 12, 11:59 AM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

ESCO Technologies is Now Oversold (ESE)

By Market News Video Staff, Wednesday, June 2, 4:26 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 ESCO Technologies, Inc. (NYSE:ESE) entered into oversold territory, hitting an RSI reading of 25.7, after changing hands as low as $92.084 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 54.9. A bullish investor could look at ESE's 25.7 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 ESE shares:

ESCO Technologies, Inc. 1 Year Performance Chart

Looking at the chart above, ESE's low point in its 52 week range is $77.47 per share, with $115.839 as the 52 week high point — that compares with a last trade of $92.21. Find out what 9 other oversold stocks you need to know about »


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