Country Style Cooking Restaurant Chain Is Now Oversold (CCSC)

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 Country Style Cooking Restaurant Chain Co., Ltd. ( CCSC) entered into oversold territory, hitting an RSI reading of 25.4, after changing hands as low as $5.95 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 73.1. A bullish investor could look at CCSC's 25.4 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 CCSC shares:

START SLIDESHOW:
Find out what 9 other oversold stocks you need to know about »

Country Style Cooking Restaurant Chain Co., Ltd. 1 Year Performance Chart

Looking at the chart above, CCSC's low point in its 52 week range is $5.60 per share, with $8.90 as the 52 week high point — that compares with a last trade of $5.95.

null

More from Stocks

Dow Rises for First Time in 9 Days, Oil Jumps as OPEC Agrees to Boost Output

Dow Rises for First Time in 9 Days, Oil Jumps as OPEC Agrees to Boost Output

ABIOMED Stock Should Rise Some 10% From Here, Piper Jaffray Analyst Says

ABIOMED Stock Should Rise Some 10% From Here, Piper Jaffray Analyst Says

What Internet Sales Tax Ruling? Amazon Still Headed to $1,850

What Internet Sales Tax Ruling? Amazon Still Headed to $1,850

Starbucks Stock Performance in 2018: -12%

Starbucks Stock Performance in 2018: -12%

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s