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Analyst Favorites With Strong Buyback Activity: Shoe Carnival Ranks As a Top Pick
Monday, May 1, 1:19 PM ET, by Market News Video Staff

A study of analyst recommendations at the major brokerages shows that Shoe Carnival, Inc. (SCVL) ...

The Math Shows XRT Can Go To $74
Thursday, May 11, 7:42 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Shoe Carnival Enters Oversold Territory
Wednesday, May 24, 2:49 PM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

Shoe Carnival (SCVL) Passes Through 2% Yield Mark
Thursday, May 25, 4:41 PM ET, by Market News Video Staff

In trading on Thursday, shares of Shoe Carnival, Inc. (SCVL) were yielding above the 2% ...

The Implied Analyst 12-Month Target For XRT
Monday, June 12, 7:58 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Shoe Carnival Enters Oversold Territory (SCVL)

By Market News Video Staff, Tuesday, April 25, 4:44 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 Shoe Carnival, Inc. (NASDAQ:SCVL) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $22.64 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 51.7. A bullish investor could look at SCVL's 29.8 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 SCVL shares:

Shoe Carnival, Inc. 1 Year Performance Chart

Looking at the chart above, SCVL's low point in its 52 week range is $19.43 per share, with $43.45 as the 52 week high point — that compares with a last trade of $22.70. Find out what 9 other oversold stocks you need to know about »


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Shoe Carnival Enters Oversold Territory (SCVL) | Market News Video | Copyright © 2008 - 2024, All Rights Reserved

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