How The Parts Add Up: VLUE Targets $108 Thursday, December 14, 7:18 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Noteworthy Thursday Option Activity: VLY, ZM, HOOD Thursday, December 14, 3:36 PM ET, by Market News Video Staff Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
Noteworthy Friday Option Activity: ZM, FTAI, FRPT Friday, December 22, 3:19 PM ET, by Market News Video Staff Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
Notable Tuesday Option Activity: HELE, ZM, CLX Tuesday, January 2, 3:17 PM ET, by Market News Video Staff Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
ZM Makes Notable Cross Below Critical Moving Average Wednesday, January 3, 1:21 PM ET, by Market News Video Staff In trading on Wednesday, shares of Zoom Video Communications Inc (ZM) crossed below their 200 ...
Zoom Video Communications Becomes Oversold (ZM)
By Market News Video Staff, Wednesday, February 23, 12:13 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 Wednesday, shares of Zoom Video Communications Inc (NASDAQ:ZM) entered into oversold territory, hitting an RSI reading of 28.9, after changing hands as low as $120.9675 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 32.5. A bullish investor could look at ZM's 28.9 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 ZM shares:
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