Analysts Expect VCR Will Reach $293 Wednesday, April 26, 7:09 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
SWIM Crosses Above Average Analyst Target Thursday, July 13, 9:14 AM ET, by Market News Video Staff In recent trading, shares of Latham Group Inc (SWIM) have crossed above the average analyst ...
Look Under The Hood: VCR Has 14% Upside Tuesday, September 19, 6:55 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
The Math Shows VCR Can Go To $322 Tuesday, October 24, 7:02 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Latham Group Reaches Analyst Target Price Friday, March 1, 6:46 AM ET, by Market News Video Staff In recent trading, shares of Latham Group Inc (SWIM) have crossed above the average analyst ...
Latham Group Enters Oversold Territory (SWIM)
By Market News Video Staff, Tuesday, January 18, 4:28 PM 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 Latham Group Inc (NASDAQ:SWIM) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $18.385 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 41.8. A bullish investor could look at SWIM's 29.9 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 SWIM shares:
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