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MDXG Makes Notable Cross Below Critical Moving Average
Friday, February 16, 4:33 PM ET, by Market News Video Staff

In trading on Friday, shares of MiMedx Group Inc (MDXG) crossed below their 200 day ...

The Implied Analyst 12-Month Target For RZG
Monday, February 19, 3:59 PM ET, by Market News Video Staff

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

MiMedx Group Becomes Oversold (MDXG)
Tuesday, February 20, 11:56 AM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Notable Monday Option Activity: DKS, THO, MDXG
Monday, February 26, 3:21 PM ET, by Market News Video Staff

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

Commit To Purchase MiMedx Group At $5, Earn 39.8% Annualized Using Options
Tuesday, March 6, 12:06 PM ET, by Market News Video Staff

Investors eyeing a purchase of MiMedx Group Inc (MDXG) shares, but cautious about paying the ...

Oversold Conditions For MiMedx Group (MDXG)

By Market News Video Staff, Tuesday, March 13, 4:30 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 MiMedx Group Inc (NASDAQ:MDXG) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $7.27 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 50.3. A bullish investor could look at MDXG's 29.9 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 MDXG shares:

MiMedx Group Inc 1 Year Performance Chart

Looking at the chart above, MDXG's low point in its 52 week range is $6.05 per share, with $18.25 as the 52 week high point that compares with a last trade of $7.37. Find out what 9 other oversold stocks you need to know about


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Oversold Conditions For MiMedx Group (MDXG) | Market News Video | Copyright © 2008 - 2018, All Rights Reserved

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