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August 31st Options Now Available For Finisar (FNSR)
Thursday, July 12, 10:57 AM ET, by Market News Video Staff

Investors in Finisar Corp (FNSR) saw new options begin trading today, for the August 31st ...

Notable Friday Option Activity: FNSR, STI, AAC
Friday, July 20, 3:36 PM ET, by Market News Video Staff

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...

How The Parts Add Up: IYZ Targets $32
Thursday, July 26, 8:11 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Interesting FNSR Put Options For September 7th
Thursday, July 26, 1:01 PM ET, by Market News Video Staff

Investors in Finisar Corp (FNSR) saw new options become available today, for the September 7th ...

Analysts See 19% Upside For XTL
Thursday, August 2, 9:19 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Finisar Becomes Oversold (FNSR)

By Market News Video Staff, Wednesday, March 28, 4:32 PM ET
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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 Finisar Corp (NASDAQ:FNSR) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $15.07 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 41.5. A bullish investor could look at FNSR's 29.3 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 FNSR shares:

Finisar Corp 1 Year Performance Chart

Looking at the chart above, FNSR's low point in its 52 week range is $15.07 per share, with $29.01 as the 52 week high point that compares with a last trade of $15.09. Find out what 9 other oversold stocks you need to know about

According to the ETF Finder at ETF Channel, FNSR makes up 2.31% of the SPDR S&P Telecom ETF (NYSE:XTL) which is trading lower by about 1.3% on the day Wednesday.

See what other ETFs contain FNSR
See what other stocks are held by XTL


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