Implied FPX Analyst Target Price: $99 Tuesday, May 30, 9:53 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Revolution Medicines Reaches Analyst Target Price Wednesday, August 2, 9:42 AM ET, by Market News Video Staff In recent trading, shares of Revolution Medicines Inc (RVMD) have crossed above the average analyst ...
XBI, BBIO, RVMD, NTRA: ETF Outflow Alert Thursday, September 7, 10:53 AM ET, by Market News Video Staff Symbols mentioned in this story: XBI, BBIO, RVMD, NTRA Exchange traded funds (ETFs) trade just ...
Notable ETF Inflow Detected - XBI, BBIO, RVMD, NBIX Friday, September 15, 11:18 AM ET, by Market News Video Staff Symbols mentioned in this story: XBI, BBIO, RVMD, NBIX Exchange traded funds (ETFs) trade just ...
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 Thursday, shares of Revolution Medicines Inc (NASDAQ:RVMD) entered into oversold territory, hitting an RSI reading of 24.1, after changing hands as low as $21.7765 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 63.8. A bullish investor could look at RVMD's 24.1 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 RVMD shares:
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