Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|FMBI Crosses Below Key Moving Average Level
Tuesday, June 6, 4:47 PM ET, by Market News Video Staff
In trading on Tuesday, shares of First Midwest Bancorp, Inc. (FMBI) crossed below their 200 ...
Sum Up The Parts: KBWR Could Be Worth $57
Wednesday, June 7, 10:01 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
MBFI Crosses Above Key Moving Average Level
Thursday, June 8, 11:41 AM ET, by Market News Video Staff
In trading on Thursday, shares of MB Financial Inc (MBFI) crossed above their 200 day ...
Bullish Two Hundred Day Moving Average Cross - TRMK
Thursday, June 8, 11:42 AM ET, by Market News Video Staff
In trading on Thursday, shares of Trustmark Corp (TRMK) crossed above their 200 day moving ...
Old National Bancorp (ONB) Shares Cross Above 200 DMA
Thursday, June 8, 11:47 AM ET, by Market News Video Staff
In trading on Thursday, shares of Old National Bancorp (ONB) crossed above their 200 day ...
Texas Capital Bancshares Becomes Oversold (TCBI)
By Dividend Channel Staff, Thursday, April 20, 2:10 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 Thursday, shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) entered into oversold territory, hitting an RSI reading of 26.5, after changing hands as low as $70.65 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 46.1. A bullish investor could look at TCBI's 26.5 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 TCBI shares:
Looking at the chart above, TCBI's low point in its 52 week range is $40.90 per share, with $93.35 as the 52 week high point — that compares with a last trade of $73.78. Find out what 9 other oversold stocks you need to know about »
According to the ETF Finder at ETF Channel, TCBI makes up 1.79% of the PowerShares KBW Regional Banking Portfolio ETF (NASDAQ:KBWR) which is trading up by about 1.6% on the day Thursday.
See what other ETFs contain TCBI »
See what other stocks are held by KBWR »
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
This Article's Word Cloud: