Dividend Channel
Market News Video Dividend Detective The Warren Buffetts Next Door Stock message boards
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Ares Capital is Oversold
Wednesday, May 3, 11:53 AM ET, by Market News Video Staff

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

Investors Bag TCPC Even Cheaper Than Its Secondary Stock Offering
Thursday, May 4, 11:11 AM ET, by Market News Video Staff

Looking back to 14 days ago, TCP Capital Corp. (TCPC) priced a 5,000,000 share secondary ...

HTGC Makes Notable Cross Below Critical Moving Average
Thursday, May 4, 11:18 AM ET, by Market News Video Staff

In trading on Thursday, shares of Hercules Technology Growth Capital (HTGC) crossed below their 200 ...

Medley Capital (MCC) Shares Cross Below 200 DMA
Thursday, May 4, 11:33 AM ET, by Market News Video Staff

In trading on Thursday, shares of Medley Capital Corporation (MCC) crossed below their 200 day ...

Relative Strength Alert For Triangle Capital
Thursday, May 4, 11:38 AM ET, by Market News Video Staff

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

  More articles:  1 2 3 4 5 6 7 next »

RSI Alert: Fifth Street Finance (FSC) Now Oversold

By Dividend Channel Staff, Thursday, February 9, 11:57 AM ET
Play Video: Learn About The RSI


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

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 Fifth Street Finance Corporation (NASDAQ:FSC) entered into oversold territory, hitting an RSI reading of 23.8, after changing hands as low as $4.80 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 66.3. A bullish investor could look at FSC's 23.8 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 FSC shares:

Fifth Street Finance Corporation 1 Year Performance Chart

Looking at the chart above, FSC's low point in its 52 week range is $4.40 per share, with $6.32 as the 52 week high point that compares with a last trade of $4.82. Find out what 9 other oversold stocks you need to know about

According to the ETF Finder at ETF Channel, FSC makes up 2.69% of the BDC Income ETF (AMEX:BIZD) which is trading higher by about 0.1% on the day Thursday.

See what other ETFs contain FSC
See what other stocks are held by BIZD


Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.


This Article's Word Cloud:   BIZD   Fifth   Finder   Income   Oversold   Relative   Seven   Special   Start   Street   Thursday   Warren   about   analysis   below   bullish   changing   chart   entered   entry   fearful   greedy   heavy   held   income   investor   know   level   look   makes   other   others   oversold   point   reading   selling   share   shares   sign   stock   stocks   technical   territory   that   trading   week   what   when   which   with

RSI Alert: Fifth Street Finance (FSC) Now Oversold | www.DividendChannel.com | Copyright © 2010 - 2017, All Rights Reserved

Nothing in Dividend Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Dividend Channel; Meet Our Editorial Staff.