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Noteworthy ETF Outflows: LABU, ALXO, ACAD, XLRN
Monday, June 14, 10:53 AM ET, by Market News Video Staff

Symbols mentioned in this story: LABU, ALXO, ACAD, XLRN Exchange traded funds (ETFs) trade just ...

Acadia Pharmaceuticals Larger Than S&P 500 Component Under Armour
Friday, June 18, 9:55 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Acadia ...

Noteworthy Wednesday Option Activity: AYX, VFC, ACAD
Wednesday, June 30, 3:31 PM ET, by Market News Video Staff

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...

Interesting ACAD Put And Call Options For August 13th
Thursday, July 1, 1:14 PM ET, by Market News Video Staff

Investors in Acadia Pharmaceuticals Inc (ACAD) saw new options become available today, for the August ...

Look Under The Hood: FBT Has 18% Upside
Friday, July 9, 8:46 AM ET, by Market News Video Staff

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

Acadia Pharmaceuticals is Now Oversold (ACAD)

By Market News Video Staff, Friday, July 23, 4:29 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 Friday, shares of Acadia Pharmaceuticals Inc (NASDAQ:ACAD) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $21.32 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 64.1. A bullish investor could look at ACAD's 29.9 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 ACAD shares:

Acadia Pharmaceuticals Inc 1 Year Performance Chart

Looking at the chart above, ACAD's low point in its 52 week range is $19.20 per share, with $57.46 as the 52 week high point — that compares with a last trade of $21.46. Find out what 9 other oversold stocks you need to know about »


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