Notable Monday Option Activity: PLTR, PFSI, WK Monday, June 5, 3:44 PM ET, by Market News Video Staff Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
WK Crosses Above Average Analyst Target Tuesday, June 6, 7:46 AM ET, by Market News Video Staff In recent trading, shares of Workiva Inc (WK) have crossed above the average analyst 12-month ...
Workiva Larger Than S&P 500 Component Vontier Wednesday, June 7, 4:37 PM ET, by Market News Video Staff In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Workiva ...
Workiva Reaches Analyst Target Price Friday, July 14, 8:24 AM ET, by Market News Video Staff In recent trading, shares of Workiva Inc (WK) have crossed above the average analyst 12-month ...
Add Up The Pieces: EZM Could Be Worth $61 Wednesday, August 16, 8:43 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Workiva is Now Oversold (WK)
By Market News Video Staff, Monday, October 30, 4:07 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 Monday, shares of Workiva Inc (NYSE:WK) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $91.05 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 34.2. A bullish investor could look at WK'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 WK shares:
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