 |
 |
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Alcon is Now Oversold (ALC)By Dividend Channel Staff, Wednesday, April 17, 11:51 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 Wednesday, shares of Alcon Inc (NYSE:ALC) entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $78.90 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 36.2. A bullish investor could look at ALC's 28.8 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 ALC shares:
Looking at the chart above, ALC's low point in its 52 week range is $69.44 per share, with $88.2312 as the 52 week high point — that compares with a last trade of $79.04. Find out what 9 other oversold stocks you need to know about »
Can your brain be trained to become a chart-predicting wizard? Click here to find out
This Article's Word Cloud:
About
Alcon
Buffett
Click
Find
Index
Know
Legendary
Looking
NYSE
Oversold
Relative
Should
Start
Stocks
Strength
Warren
Wednesday
about
above
advises
after
analysis
become
begin
below
brain
bullish
called
changing
chart
compares
comparison
considered
fearful
greedy
investor
look
others
oversold
point
raquo
reading
share
shares
stock
that
week
when
with
|
Play Video:
Learn About The RSI
Free Email Alerts By Stock:
Start slideshow: