SPCE July 28th Options Begin Trading Thursday, June 8, 11:27 AM ET, by Market News Video Staff Investors in Virgin Galactic Holdings Inc (SPCE) saw new options become available today, for the ...
Noteworthy Friday Option Activity: CSTM, BA, SPCE Friday, June 16, 3:17 PM ET, by Market News Video Staff Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
SPCE Crosses Above Average Analyst Target Monday, June 19, 8:12 AM ET, by Market News Video Staff In recent trading, shares of Virgin Galactic Holdings Inc (SPCE) have crossed above the average ...
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 Monday, shares of Virgin Galactic Holdings Inc (NYSE:SPCE) entered into oversold territory, hitting an RSI reading of 27.7, after changing hands as low as $13.6011 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 40.9. A bullish investor could look at SPCE's 27.7 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 SPCE shares:
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