Bullish Two Hundred Day Moving Average Cross - DB Tuesday, August 29, 11:15 AM ET, by Market News Video Staff In trading on Tuesday, shares of Deutsche Bank AG (DB) crossed above their 200 day ...
Interesting DB Put And Call Options For November 10th Thursday, September 28, 11:10 AM ET, by Market News Video Staff Investors in Deutsche Bank AG (DB) saw new options become available today, for the November ...
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 Deutsche Bank AG (NYSE:DB) entered into oversold territory, hitting an RSI reading of 29.99, after changing hands as low as $12.283 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 68.6. A bullish investor could look at DB's 29.99 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 DB shares:
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