Fair Isaac Getting Very Oversold (FICO)

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 Friday, shares of Fair Isaac Corp ( FICO) entered into oversold territory, hitting an RSI reading of 28.2, after changing hands as low as $44.61 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 37.3. A bullish investor could look at FICO's 28.2 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 FICO shares:

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

Fair Isaac Corp 1 Year Performance Chart

Looking at the chart above, FICO's low point in its 52 week range is $38.99 per share, with $50.93 as the 52 week high point — that compares with a last trade of $44.55.

null

If you liked this article you might like

Analysts' Actions -- Clovis, Altria, Sketchers, Wells Fargo and More

Analysts' Actions -- Clovis, Altria, Sketchers, Wells Fargo and More

Insider Trading Alert - SPB, FICO And MINI Traded By Insiders

Insider Trading Alert - SPB, FICO And MINI Traded By Insiders

Today's Strong And Under The Radar Stock Is Fair Isaac (FICO)

Today's Strong And Under The Radar Stock Is Fair Isaac (FICO)

Fair Isaac (FICO) Hits New Lifetime High Today

Fair Isaac (FICO) Hits New Lifetime High Today

New Lifetime High Today: Fair Isaac (FICO)

New Lifetime High Today: Fair Isaac (FICO)