UNITIL Enters Oversold Territory (UTL) Thursday, May 25, 11:42 AM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
UTL Breaks Above 3% Yield Territory Thursday, May 25, 4:41 PM ET, by Market News Video Staff In trading on Thursday, shares of UNITIL Corp (UTL) were yielding above the 3% mark ...
UNITIL (UTL) Shares Cross Below 200 DMA Friday, May 26, 4:12 PM ET, by Market News Video Staff In trading on Friday, shares of UNITIL Corp (UTL) crossed below their 200 day moving ...
UNITIL is Oversold Wednesday, June 28, 3:53 PM ET, by Market News Video Staff The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
UNITIL Enters Oversold Territory (UTL)
By Market News Video Staff, Thursday, May 25, 11:42 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 Thursday, shares of UNITIL Corp (NYSE:UTL) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $53.53 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 52.5. A bullish investor could look at UTL's 29.7 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 UTL shares:
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