Analysts Anticipate FXO To Hit $50 Friday, April 12, 6:22 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
First Week of XP May 31st Options Trading Friday, April 12, 10:44 AM ET, by Market News Video Staff Investors in XP Inc - Class A (XP) saw new options become available this week, ...
Relative Strength Alert For XP Tuesday, April 16, 12:37 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
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 XP Inc - Class A (NASDAQ:XP) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $14.87 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 60.2. A bullish investor could look at XP'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 XP shares:
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