Legendary trader Warren Buffett advises to be fearful when other people are greedy, and be greedy when other individuals are fearful. A person way we can attempt to measure the level of concern in a specified inventory is by a complex examination indicator known as the Relative Toughness Index, or RSI, which measures momentum on a scale of zero to 100. A inventory is viewed as to be oversold if the RSI reading through falls underneath 30.
In investing on Thursday, shares of Coupa Computer software Inc (Symbol: COUP) entered into oversold territory, hitting an RSI looking through of 29.8, right after transforming fingers as small as $50.67 for each share. By comparison, the present-day RSI reading through of the S&P 500 ETF (SPY) is 31.4. A bullish investor could search at COUP’s 29.8 RSI looking at right now as a sign that the current significant marketing is in the method of exhausting alone, and begin to appear for entry issue prospects on the buy aspect. The chart underneath demonstrates the 1 calendar year general performance of COUP shares:
Seeking at the chart higher than, COUP’s low position in its 52 week variety is $50.67 per share, with $283.38 as the 52 7 days superior point — that compares with a very last trade of $50.91.
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