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Analysts Expect EZM Will Reach $45
Tuesday, January 28, 8:34 AM ET, by Market News Video Staff

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

CarGurus is Now Oversold (CARG)
Friday, February 7, 4:41 PM ET, by Market News Video Staff

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

Notable Friday Option Activity: CARG, ADBE, W
Friday, February 14, 3:16 PM ET, by Market News Video Staff

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

April 17th Options Now Available For CarGurus (CARG)
Tuesday, February 18, 11:47 AM ET, by Market News Video Staff

Investors in CarGurus Inc (CARG) saw new options become available today, for the April 17th ...

VOX's Underlying Holdings Imply 18% Gain Potential
Friday, February 28, 9:32 AM ET, by Market News Video Staff

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

CarGurus is Now Oversold

By Market News Video Staff, Monday, December 30, 4:27 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 Monday, shares of CarGurus Inc (NASDAQ:CARG) entered into oversold territory, hitting an RSI reading of 28.6, after changing hands as low as $34.935 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 70.5. A bullish investor could look at CARG's 28.6 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 CARG shares:

CarGurus Inc 1 Year Performance Chart

Looking at the chart above, CARG's low point in its 52 week range is $28.65 per share, with $45.25 as the 52 week high point — that compares with a last trade of $35.04. Find out what 9 other oversold stocks you need to know about »


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