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Interesting CVNA Put And Call Options For November 26th
Thursday, October 7, 12:45 PM ET, by Market News Video Staff

Investors in Carvana Co (CVNA) saw new options begin trading today, for the November 26th ...

Noteworthy Thursday Option Activity: LRCX, TGH, CVNA
Thursday, October 7, 3:27 PM ET, by Market News Video Staff

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

Interesting CVNA Put And Call Options For October 15th
Tuesday, October 12, 11:57 AM ET, by Market News Video Staff

Investors in Carvana Co (CVNA) saw new options become available this week, for the October ...

Noteworthy Friday Option Activity: AVNW, CVNA, AI
Friday, October 15, 4:21 PM ET, by Market News Video Staff

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

Interesting CVNA Put And Call Options For December 3rd
Thursday, October 21, 12:45 PM ET, by Market News Video Staff

Investors in Carvana Co (CVNA) saw new options begin trading today, for the December 3rd ...

Carvana is Now Oversold (CVNA)

By Market News Video Staff, Tuesday, September 28, 1:22 PM ET
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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 Tuesday, shares of Carvana Co (NYSE:CVNA) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $301.96 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 38.4. A bullish investor could look at CVNA's 29.5 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 CVNA shares:

Carvana Co 1 Year Performance Chart

Looking at the chart above, CVNA's low point in its 52 week range is $179.24 per share, with $376.83 as the 52 week high point — that compares with a last trade of $306.09. Find out what 9 other oversold stocks you need to know about »


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