Notable Two Hundred Day Moving Average Cross - SSSS Wednesday, August 18, 2:18 PM ET, by Market News Video Staff In trading on Wednesday, shares of SuRo Capital Corp. (SSSS) crossed below their 200 day ...
SSSS Crosses Below Key Moving Average Level Tuesday, November 16, 1:33 PM ET, by Market News Video Staff In trading on Tuesday, shares of SuRo Capital Corp. (SSSS) crossed below their 200 day ...
SSSS Crosses Above Key Moving Average Level Thursday, December 23, 1:29 PM ET, by Market News Video Staff In trading on Thursday, shares of SuRo Capital Corp. (SSSS) crossed above their 200 day ...
Reminder - SuRo Capital (SSSS) Goes Ex-Dividend Soon Tuesday, December 28, 11:30 AM ET, by Market News Video Staff On 12/30/21, SuRo Capital Corp. (SSSS) will trade ex-dividend, for its annual dividend of $0.75, ...
SuRo Capital Becomes Oversold (SSSS)
By Market News Video Staff, Thursday, July 22, 11:59 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 Thursday, shares of SuRo Capital Corp. (NASDAQ:SSSS) entered into oversold territory, hitting an RSI reading of 29.95, after changing hands as low as $12.15 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 58.0. A bullish investor could look at SSSS's 29.95 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 SSSS shares:
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