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Ex-Dividend Reminder: Bloomin' Brands, FirstCash and Systemax
Wednesday, November 8, 10:02 AM ET, by Market News Video Staff

On 11/10/17, Bloomin' Brands Inc (BLMN), FirstCash Inc (FCFS), and Systemax, Inc. (SYX) will all ...

Strategy To YieldBoost SYX To 17.2% Using Options
Monday, December 4, 11:31 AM ET, by Market News Video Staff

Shareholders of Systemax, Inc. (SYX) looking to boost their income beyond the stock's 1.3% annualized ...

Noteworthy Wednesday Option Activity: CRUS, TXN, SYX
Wednesday, January 3, 4:27 PM ET, by Market News Video Staff

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

Commit To Buy Systemax At $22.50, Earn 11.4% Annualized Using Options
Monday, March 5, 11:43 AM ET, by Market News Video Staff

Investors considering a purchase of Systemax, Inc. (SYX) stock, but cautious about paying the going ...

Ex-Dividend Reminder: Walmart, Systemax and MGM Resorts International
Tuesday, March 6, 9:57 AM ET, by Market News Video Staff

On 3/8/18, Walmart Inc (WMT), Systemax, Inc. (SYX), and MGM Resorts International (MGM) will all ...

RSI Alert: Systemax (SYX) Now Oversold

By Market News Video Staff, Friday, September 14, 4:42 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 Friday, shares of Systemax, Inc. (NYSE:SYX) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $35.09 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 66.5. A bullish investor could look at SYX's 29.8 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 SYX shares:

Systemax, Inc. 1 Year Performance Chart

Looking at the chart above, SYX's low point in its 52 week range is $24.10 per share, with $47.75 as the 52 week high point that compares with a last trade of $35.30. Find out what 9 other oversold stocks you need to know about


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RSI Alert: Systemax (SYX) Now Oversold | Market News Video | Copyright © 2008 - 2018, All Rights Reserved

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