 |
 |
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Oversold Conditions For DoubleVerify Holdings (DV)By Dividend Channel Staff, Monday, April 15, 5:00 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 DoubleVerify Holdings Inc (NYSE:DV) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as $30.94 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 39.6. A bullish investor could look at DV's 29.4 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 DV shares:
Looking at the chart above, DV's low point in its 52 week range is $26.23 per share, with $43 as the 52 week high point — that compares with a last trade of $30.80. Find out what 9 other oversold stocks you need to know about »
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
This Article's Word Cloud:
About
Buffett
Channel
Dividend
DoubleVerify
Find
Holdings
Index
Know
Legendary
Looking
Monday
NYSE
Newsletter
Offer
Oversold
Premium
Receive
Relative
Should
Special
Start
Stocks
Strength
Warren
about
above
advises
after
afternoon
analysis
begin
below
chart
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: