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Wabtec Larger Than S&P 500 Component Mosaic
Tuesday, September 5, 4:38 PM ET, by Market News Video Staff

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

Wabtec is Now Oversold (WAB)
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

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A study of analyst recommendations at the major brokerages shows that Wabtec Corp (WAB) is ...

WAB December 15th Options Begin Trading
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Investors in Wabtec Corp (WAB) saw new options begin trading today, for the December 15th ...

Wabtec is Now Oversold (WAB)

By Market News Video Staff, Wednesday, September 6, 12:00 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 Wednesday, shares of Wabtec Corp (NYSE:WAB) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $70.80 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 52.5. A bullish investor could look at WAB's 29.5 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 WAB shares:

Wabtec Corp 1 Year Performance Chart

Looking at the chart above, WAB's low point in its 52 week range is $69.75 per share, with $93.81 as the 52 week high point that compares with a last trade of $70.55. Find out what 9 other oversold stocks you need to know about


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