XLY, CMG, ABNB, LULU: Large Outflows Detected at ETF Tuesday, January 9, 12:36 PM ET, by Market News Video Staff Symbols mentioned in this story: XLY, CMG, ABNB, LULU Exchange traded funds (ETFs) trade just ...
Noteworthy Tuesday Option Activity: JPM, LULU, PYPL Tuesday, January 16, 1:33 PM ET, by Market News Video Staff Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume ...
Notable Tuesday Option Activity: NOW, LULU, IBM Tuesday, January 23, 3:15 PM ET, by Market News Video Staff Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
Notable Wednesday Option Activity: LULU, ROK, TSLA Wednesday, January 31, 1:30 PM ET, by Market News Video Staff Looking at options trading activity among components of the S&P 500 index, there is noteworthy ...
lululemon athletica is Now Oversold (LULU) Wednesday, January 31, 4:15 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Relative Strength Alert For lululemon athletica
By Market News Video Staff, Tuesday, December 14, 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 Tuesday, shares of lululemon athletica inc (NASDAQ:LULU) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $391 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 49.3. A bullish investor could look at LULU'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 LULU shares:
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