Shares of BRY Now Oversold Thursday, May 4, 11:24 AM ET, by Market News Video Staff In trading on Thursday, shares of Berry Corp (bry) (BRY) entered into oversold territory, changing ...
Ex-Div Reminder for Berry Wednesday, May 10, 11:50 AM ET, by Market News Video Staff On 5/12/23, Berry Corp (bry) (BRY) will trade ex-dividend, for its quarterly dividend of $0.12, ...
Implied XOP Analyst Target Price: $170 Monday, May 15, 8:00 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Berry Shares Enter Oversold Territory Tuesday, May 30, 11:32 AM ET, by Market News Video Staff In trading on Tuesday, shares of Berry Corp (bry) (BRY) entered into oversold territory, changing ...
Sum Up The Parts: VDE Could Be Worth $140 Thursday, June 15, 8:50 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
RSI Alert: Berry (BRY) Now Oversold
By Market News Video Staff, Friday, December 3, 12:54 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 Friday, shares of Berry Corp (bry) (NASDAQ:BRY) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as $7.95 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 41.3. A bullish investor could look at BRY's 29.4 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 BRY shares:
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