Nam Tai Property Enters Oversold Territory Tuesday, September 11, 11:31 AM ET, by Market News Video Staff The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
NTP Ex-Dividend Reminder - 9/27/18 Tuesday, September 25, 10:32 AM ET, by Market News Video Staff On 9/27/18, Nam Tai Property Inc (NTP) will trade ex-dividend, for its quarterly dividend of ...
Nam Tai Property Becomes Oversold (NTP) Monday, October 29, 4:23 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Nam Tai Property Becomes Oversold (NTP)
By Market News Video Staff, Wednesday, June 12, 11:53 AM ET
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 Nam Tai Property Inc (NYSE:NTP) entered into oversold territory, hitting an RSI reading of 26.0, after changing hands as low as $9.0308 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 54.1. A bullish investor could look at NTP's 26.0 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 NTP shares:
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