SBE December 2021 Options Begin Trading Monday, December 7, 10:54 AM ET, by Market News Video Staff Investors in Switchback Energy Acquisition Corp (SBE) saw new options begin trading today, for the ...
SBE March 5th Options Begin Trading Thursday, January 21, 11:14 AM ET, by Market News Video Staff Investors in Switchback Energy Acquisition Corp (SBE) saw new options begin trading today, for the ...
Switchback Energy Acquisition is Now Oversold (SBE)
By Market News Video Staff, Friday, February 26, 11:57 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 Friday, shares of Switchback Energy Acquisition Corp (NYSE:SBE) entered into oversold territory, hitting an RSI reading of 28.2, after changing hands as low as $29.20 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 45.2. A bullish investor could look at SBE's 28.2 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 SBE shares:
This Article's Word Cloud:AboutAcquisitionBuffettClickCorpEnergyFindFridayIndexKnowLegendaryLookingNYSEOversoldRelativeShouldStartStocksStrengthSwitchbackWarrenaboutaboveadvisesafteranalysisbecomebeginbelowbrainbullishcalledchangingchartfearfulgreedyinvestorlookothersoversoldpointraquoreadingsharesharesstockthatweekwhenwith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.