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First Week of YY May 2017 Options Trading
Tuesday, September 20, 10:52 AM ET, by Market News Video Staff

Investors in YY Inc (YY) saw new options become available this week, for the May ...

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Monday, October 17, 11:26 AM ET, by Market News Video Staff

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Notable ETF Inflow Detected - EEMV, BAP, XRS, YY
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Symbols mentioned in this story: EEMV, BAP, XRS, YY Exchange traded funds (ETFs) trade just ...

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Thursday, October 27, 4:22 PM ET, by Market News Video Staff

In trading on Thursday, shares of 500.com Ltd. (WBAI) crossed below their 200 day moving ...

  More articles:  1 2 next »

YY is Now Oversold

By Market News Video Staff, Tuesday, January 12, 4:47 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 Tuesday, shares of YY Inc (NASDAQ:YY) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $55.36 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 33.6. A bullish investor could look at YY's 29.6 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 YY shares:

YY Inc 1 Year Performance Chart

Looking at the chart above, YY's low point in its 52 week range is $50.52 per share, with $81.70 as the 52 week high point that compares with a last trade of $56.63. Find out what 9 other oversold stocks you need to know about

According to the ETF Finder at ETF Channel, YY makes up 4.14% of the NASDAQ China Technology ETF (NASDAQ:QQQC) which is trading higher by about 1.1% on the day Tuesday.

See what other ETFs contain YY
See what other stocks are held by QQQC


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